Parametric Portfolio Associates LLC Purchases 451,391 Shares of Del Taco Restaurants Inc (NASDAQ:TACO)

Parametric Portfolio Associates LLC boosted its stake in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 2,086.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 473,023 shares of the restaurant operator’s stock after buying an additional 451,391 shares during the period. Parametric Portfolio Associates LLC owned approximately 1.28% of Del Taco Restaurants worth $1,622,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in Del Taco Restaurants by 0.9% during the 4th quarter. Bank of America Corp DE now owns 189,323 shares of the restaurant operator’s stock worth $1,497,000 after buying an additional 1,680 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Del Taco Restaurants by 26.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,901 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,854 shares during the period. Blair William & Co. IL raised its holdings in Del Taco Restaurants by 21.5% during the 4th quarter. Blair William & Co. IL now owns 13,000 shares of the restaurant operator’s stock worth $103,000 after buying an additional 2,300 shares during the period. Citigroup Inc. raised its holdings in Del Taco Restaurants by 42.6% during the 1st quarter. Citigroup Inc. now owns 15,958 shares of the restaurant operator’s stock worth $55,000 after buying an additional 4,770 shares during the period. Finally, Rhumbline Advisers raised its holdings in Del Taco Restaurants by 13.7% during the 1st quarter. Rhumbline Advisers now owns 53,150 shares of the restaurant operator’s stock worth $182,000 after buying an additional 6,400 shares during the period. Hedge funds and other institutional investors own 70.99% of the company’s stock.

Shares of TACO opened at $6.09 on Wednesday. The company has a market cap of $219.15 million, a price-to-earnings ratio of -1.02, a PEG ratio of 8.44 and a beta of 1.73. Del Taco Restaurants Inc has a 1-year low of $2.45 and a 1-year high of $13.50. The company’s fifty day simple moving average is $6.26 and its 200 day simple moving average is $6.18. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 2.17.

Del Taco Restaurants (NASDAQ:TACO) last issued its earnings results on Monday, May 4th. The restaurant operator reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The business had revenue of $109.81 million for the quarter, compared to the consensus estimate of $105.64 million. Del Taco Restaurants had a negative net margin of 43.69% and a positive return on equity of 4.51%. As a group, research analysts forecast that Del Taco Restaurants Inc will post 0.05 earnings per share for the current year.

In other news, Director Eileen A. Aptman bought 13,800 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $5.41 per share, for a total transaction of $74,658.00. Following the completion of the acquisition, the director now owns 59,311 shares in the company, valued at $320,872.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.50% of the stock is currently owned by insiders.

TACO has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price objective on shares of Del Taco Restaurants from $5.00 to $6.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Wednesday, June 24th. ValuEngine upgraded shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Monday, April 27th. Wedbush lifted their price objective on shares of Del Taco Restaurants from $6.00 to $8.50 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, BidaskClub upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $9.50.

Del Taco Restaurants Profile

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Institutional Ownership by Quarter for Del Taco Restaurants (NASDAQ:TACO)

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