Del Taco Restaurants Inc (TACO) Shares Bought by Rothschild & Co. Asset Management US Inc.

Rothschild & Co. Asset Management US Inc. grew its holdings in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 700,529 shares of the restaurant operator’s stock after buying an additional 5,194 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Del Taco Restaurants were worth $7,047,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Del Taco Restaurants by 24.1% during the fourth quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 1,145 shares during the period. Citigroup Inc. increased its stake in shares of Del Taco Restaurants by 13.2% during the fourth quarter. Citigroup Inc. now owns 15,141 shares of the restaurant operator’s stock valued at $151,000 after buying an additional 1,760 shares during the period. Emerald Advisers LLC increased its stake in shares of Del Taco Restaurants by 0.3% during the fourth quarter. Emerald Advisers LLC now owns 856,746 shares of the restaurant operator’s stock valued at $8,559,000 after buying an additional 2,290 shares during the period. Rothschild Investment Corp IL increased its stake in shares of Del Taco Restaurants by 6.8% during the first quarter. Rothschild Investment Corp IL now owns 41,100 shares of the restaurant operator’s stock valued at $413,000 after buying an additional 2,600 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in shares of Del Taco Restaurants during the first quarter valued at approximately $42,000. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP David Pear sold 13,500 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $11.85, for a total value of $159,975.00. Following the sale, the senior vice president now directly owns 118,210 shares of the company’s stock, valued at $1,400,788.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.40% of the stock is owned by corporate insiders.



TACO has been the topic of several research analyst reports. Maxim Group reissued a “buy” rating and set a $14.00 target price (down from $15.00) on shares of Del Taco Restaurants in a research note on Tuesday, April 30th. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. BidaskClub cut Del Taco Restaurants from a “buy” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Del Taco Restaurants in a research note on Friday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Del Taco Restaurants currently has an average rating of “Hold” and a consensus price target of $14.14.

Shares of TACO stock opened at $11.30 on Friday. The firm has a market capitalization of $415.23 million, a P/E ratio of 20.18, a PEG ratio of 1.50 and a beta of 0.19. Del Taco Restaurants Inc has a twelve month low of $9.45 and a twelve month high of $14.83. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.24 and a current ratio of 0.28.

Del Taco Restaurants (NASDAQ:TACO) last issued its quarterly earnings results on Monday, May 6th. The restaurant operator reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). The firm had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $114.22 million. Del Taco Restaurants had a return on equity of 4.75% and a net margin of 3.38%. Del Taco Restaurants’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. As a group, equities analysts anticipate that Del Taco Restaurants Inc will post 0.5 earnings per share for the current fiscal year.

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About Del Taco Restaurants

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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