Del Taco Restaurants, Inc. (TACO) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its position in Del Taco Restaurants, Inc. (NASDAQ:TACO) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,225,447 shares of the restaurant operator’s stock after buying an additional 41,685 shares during the period. Peregrine Capital Management LLC owned 3.17% of Del Taco Restaurants worth $18,798,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TACO. FMR LLC increased its stake in Del Taco Restaurants by 11.1% during the second quarter. FMR LLC now owns 4,685,160 shares of the restaurant operator’s stock worth $64,421,000 after acquiring an additional 467,077 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Del Taco Restaurants by 21.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,943,765 shares of the restaurant operator’s stock worth $26,727,000 after acquiring an additional 340,701 shares during the last quarter. Vanguard Group Inc. increased its stake in Del Taco Restaurants by 11.2% during the second quarter. Vanguard Group Inc. now owns 1,371,247 shares of the restaurant operator’s stock worth $18,854,000 after acquiring an additional 137,941 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Del Taco Restaurants by 24.4% during the second quarter. Lord Abbett & CO. LLC now owns 742,868 shares of the restaurant operator’s stock worth $10,214,000 after acquiring an additional 145,736 shares during the last quarter. Finally, RK Capital Management LLC increased its stake in Del Taco Restaurants by 78.2% during the second quarter. RK Capital Management LLC now owns 690,387 shares of the restaurant operator’s stock worth $9,493,000 after acquiring an additional 303,000 shares during the last quarter. Institutional investors own 69.91% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Wedbush reissued a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research note on Friday, October 20th. Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price objective on shares of Del Taco Restaurants in a research note on Wednesday, July 26th. BidaskClub cut Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 30th. Finally, BTIG Research reduced their price objective on Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Del Taco Restaurants presently has an average rating of “Hold” and a consensus price target of $16.67.

In related news, Director Lawrence F. Levy bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average price of $12.54 per share, for a total transaction of $2,508,000.00. Following the acquisition, the director now owns 18,356 shares of the company’s stock, valued at $230,184.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.60% of the stock is currently owned by company insiders.

Del Taco Restaurants, Inc. (NASDAQ:TACO) traded up 1.04% on Tuesday, hitting $12.63. The stock had a trading volume of 30,530 shares. Del Taco Restaurants, Inc. has a 12 month low of $11.58 and a 12 month high of $15.99. The stock has a market cap of $488.60 million, a PE ratio of 22.24 and a beta of -0.20. The firm’s 50 day moving average price is $14.68 and its 200-day moving average price is $13.60.

Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The firm had revenue of $110.99 million for the quarter, compared to analyst estimates of $110.46 million. During the same quarter in the previous year, the company earned $0.13 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts forecast that Del Taco Restaurants, Inc. will post $0.54 EPS for the current year.

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Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.

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

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