Del Taco Restaurants Inc (TACO) Stake Boosted by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lifted its stake in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 24.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 175,500 shares of the restaurant operator’s stock after purchasing an additional 35,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Del Taco Restaurants were worth $2,127,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TACO. Schwab Charles Investment Management Inc. grew its stake in shares of Del Taco Restaurants by 40.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 49,600 shares of the restaurant operator’s stock worth $682,000 after purchasing an additional 14,400 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Del Taco Restaurants by 31.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 149,440 shares of the restaurant operator’s stock worth $2,055,000 after purchasing an additional 35,464 shares during the period. Teachers Advisors LLC grew its stake in shares of Del Taco Restaurants by 56.1% during the 2nd quarter. Teachers Advisors LLC now owns 59,176 shares of the restaurant operator’s stock worth $814,000 after purchasing an additional 21,279 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Del Taco Restaurants by 48.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 88,712 shares of the restaurant operator’s stock worth $1,220,000 after purchasing an additional 28,768 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Del Taco Restaurants by 49.6% during the 2nd quarter. New York State Common Retirement Fund now owns 35,300 shares of the restaurant operator’s stock worth $485,000 after purchasing an additional 11,699 shares during the period. 80.47% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP David Pear sold 9,260 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $12.25, for a total value of $113,435.00. Following the sale, the senior vice president now directly owns 115,412 shares in the company, valued at approximately $1,413,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 14.60% of the stock is owned by insiders.

Shares of Del Taco Restaurants Inc (TACO) opened at $12.59 on Monday. Del Taco Restaurants Inc has a 1 year low of $11.58 and a 1 year high of $15.99. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.42. The company has a market cap of $486.95, a PE ratio of 22.89, a P/E/G ratio of 1.33 and a beta of -0.23.

A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Wedbush reaffirmed a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a research note on Friday, October 20th. Maxim Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Del Taco Restaurants in a research note on Monday, January 8th. Zacks Investment Research cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $15.00 price target on shares of Del Taco Restaurants in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.67.

TRADEMARK VIOLATION WARNING: “Del Taco Restaurants Inc (TACO) Stake Boosted by Kornitzer Capital Management Inc. KS” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://sportsperspectives.com/2018/02/05/del-taco-restaurants-inc-taco-stake-boosted-by-kornitzer-capital-management-inc-ks.html.

Del Taco Restaurants 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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