Keeley Teton Advisors LLC Has $10.83 Million Stake in Del Taco Restaurants Inc (TACO)

Keeley Teton Advisors LLC lessened its holdings in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 705,861 shares of the restaurant operator’s stock after selling 12,099 shares during the quarter. Keeley Teton Advisors LLC owned approximately 1.82% of Del Taco Restaurants worth $10,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Del Taco Restaurants by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 100,182 shares of the restaurant operator’s stock worth $1,378,000 after acquiring an additional 761 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Del Taco Restaurants by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 276,260 shares of the restaurant operator’s stock worth $3,663,000 after acquiring an additional 6,730 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Del Taco Restaurants by 43.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,872 shares of the restaurant operator’s stock worth $356,000 after acquiring an additional 7,802 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Del Taco Restaurants by 45.5% during the 1st quarter. Bank of America Corp DE now owns 26,256 shares of the restaurant operator’s stock worth $348,000 after acquiring an additional 8,207 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Del Taco Restaurants during the 3rd quarter worth $131,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

Shares of Del Taco Restaurants Inc (NASDAQ:TACO) opened at $12.11 on Thursday. The company has a market cap of $465.67, a price-to-earnings ratio of 21.89, a PEG ratio of 1.34 and a beta of -0.29. Del Taco Restaurants Inc has a 52-week low of $11.58 and a 52-week high of $15.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29.

Del Taco Restaurants (NASDAQ:TACO) last announced 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. The firm had revenue of $110.99 million for the quarter, compared to the consensus estimate of $110.46 million. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. analysts anticipate that Del Taco Restaurants Inc will post 0.54 earnings per share for the current fiscal year.

TACO has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Thursday, August 24th. Wedbush restated a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Wednesday, September 13th. BTIG Research restated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Monday, September 25th. Maxim Group restated a “buy” rating and set a $19.00 price objective on shares of Del Taco Restaurants in a research report on Wednesday, October 4th. Finally, Jefferies Group restated a “buy” rating and set a $16.00 price objective on shares of Del Taco Restaurants in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $16.67.

In other news, Director Lawrence F. Levy acquired 200,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were purchased at an average cost of $12.54 per share, for a total transaction of $2,508,000.00. Following the transaction, the director now directly owns 18,356 shares of the company’s stock, valued at $230,184.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 14.60% of the stock is owned by company insiders.

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About Del Taco Restaurants

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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