OppenheimerFunds Inc. increased its position in Del Taco Restaurants, Inc. (NASDAQ:TACO) by 18.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,216 shares of the restaurant operator’s stock after buying an additional 5,271 shares during the period. OppenheimerFunds Inc.’s holdings in Del Taco Restaurants were worth $454,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. American International Group Inc. increased its position in shares of Del Taco Restaurants by 7.0% in the first quarter. American International Group Inc. now owns 14,229 shares of the restaurant operator’s stock worth $189,000 after buying an additional 927 shares during the period. Quantitative Systematic Strategies LLC bought a new position in shares of Del Taco Restaurants during the first quarter worth $317,000. UBS Asset Management Americas Inc. bought a new position in shares of Del Taco Restaurants during the first quarter worth $322,000. Wells Fargo & Company MN increased its position in shares of Del Taco Restaurants by 0.8% in the first quarter. Wells Fargo & Company MN now owns 25,988 shares of the restaurant operator’s stock worth $345,000 after buying an additional 200 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Del Taco Restaurants during the fourth quarter worth $456,000. 68.68% of the stock is currently owned by institutional investors.

Shares of Del Taco Restaurants, Inc. (NASDAQ TACO) opened at 13.12 on Tuesday. The firm’s 50-day moving average is $13.32 and its 200 day moving average is $13.43. Del Taco Restaurants, Inc. has a 12-month low of $9.50 and a 12-month high of $15.32. The stock has a market capitalization of $505.36 million, a P/E ratio of 23.94 and a beta of -0.19.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Thursday, May 4th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $105.35 million for the quarter, compared to analysts’ expectations of $105.22 million. Del Taco Restaurants had a return on equity of 5.81% and a net margin of 4.80%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. On average, equities research analysts forecast that Del Taco Restaurants, Inc. will post $0.56 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Wedbush reissued a “buy” rating and issued a $17.00 price target on shares of Del Taco Restaurants in a report on Monday, May 15th. Maxim Group reissued a “buy” rating and issued a $19.00 price target on shares of Del Taco Restaurants in a report on Thursday, June 22nd. BidaskClub downgraded shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $16.00 price target on shares of Del Taco Restaurants in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Del Taco Restaurants currently has an average rating of “Buy” and an average price target of $15.57.

In other news, Director Eileen A. Aptman bought 26,010 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were acquired at an average cost of $12.97 per share, with a total value of $337,349.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.60% of the company’s stock.

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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