Del Taco Restaurants, Inc. (TACO) Stake Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its stake in shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) by 40.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,600 shares of the restaurant operator’s stock after buying an additional 14,400 shares during the period. Schwab Charles Investment Management Inc. owned 0.13% of Del Taco Restaurants worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in TACO. FMR LLC raised its position in shares of Del Taco Restaurants by 21.6% during the first quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock valued at $55,932,000 after buying an additional 749,348 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Del Taco Restaurants by 35.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,603,064 shares of the restaurant operator’s stock valued at $21,257,000 after buying an additional 422,749 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Del Taco Restaurants during the first quarter valued at approximately $3,835,000. Vanguard Group Inc. raised its position in shares of Del Taco Restaurants by 7.1% during the first quarter. Vanguard Group Inc. now owns 1,233,306 shares of the restaurant operator’s stock valued at $16,354,000 after buying an additional 81,525 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Del Taco Restaurants during the second quarter valued at approximately $338,000. Hedge funds and other institutional investors own 69.91% of the company’s stock.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data 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 return on equity of 5.89% and a net margin of 4.78%. The firm had revenue of $110.99 million during the quarter, compared to the consensus estimate of $110.46 million. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year.

A number of research analysts recently weighed in on TACO shares. Zacks Investment Research lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Wedbush reissued a “buy” rating and issued a $17.00 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. Maxim Group reissued a “buy” rating and issued a $19.00 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. TheStreet lowered shares of Del Taco Restaurants from a “b-” rating to a “c+” rating in a report on Friday, October 20th. Finally, BTIG Research reissued a “buy” rating and issued a $19.00 target price on shares of Del Taco Restaurants in a report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.67.

In other news, Director Lawrence F. Levy acquired 200,000 shares of Del Taco Restaurants stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average cost of $12.54 per share, with a total value of $2,508,000.00. Following the purchase, the director now owns 18,356 shares in the company, valued at $230,184.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 14.60% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Del Taco Restaurants, Inc. (TACO) Stake Raised by Schwab Charles Investment Management Inc.” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.com-unik.info/2017/11/03/del-taco-restaurants-inc-taco-stake-raised-by-schwab-charles-investment-management-inc.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.

Want to see what other hedge funds are holding TACO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Del Taco Restaurants, Inc. (NASDAQ:TACO).

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

What are top analysts saying about Del Taco Restaurants Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Del Taco Restaurants Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit