Dimensional Fund Advisors LP boosted its position in shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) by 35.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,603,064 shares of the restaurant operator’s stock after buying an additional 422,749 shares during the period. Dimensional Fund Advisors LP’s holdings in Del Taco Restaurants were worth $21,257,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. American International Group Inc. boosted its stake in 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 last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Del Taco Restaurants during the first quarter worth about $317,000. UBS Asset Management Americas Inc. acquired a new stake in Del Taco Restaurants during the first quarter worth about $322,000. Wells Fargo & Company MN boosted its stake in 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 last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Del Taco Restaurants by 18.2% in the first quarter. OppenheimerFunds Inc. now owns 34,216 shares of the restaurant operator’s stock worth $454,000 after buying an additional 5,271 shares during the last quarter. Institutional investors and hedge funds own 66.76% of the company’s stock.

Shares of Del Taco Restaurants, Inc. (NASDAQ TACO) opened at 12.68 on Thursday. Del Taco Restaurants, Inc. has a 12-month low of $10.41 and a 12-month high of $15.32. The stock has a 50 day moving average price of $13.18 and a 200 day moving average price of $13.17. The firm has a market cap of $490.54 million, a P/E ratio of 22.32 and a beta of -0.21.

Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings results on Thursday, July 27th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Del Taco Restaurants had a return on equity of 5.90% and a net margin of 4.81%. The business had revenue of $108.60 million during the quarter, compared to the consensus estimate of $107.08 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Del Taco Restaurants’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Del Taco Restaurants, Inc. will post $0.55 earnings per share for the current year.

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A number of research firms recently issued reports on TACO. Zacks Investment Research raised Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, August 1st. BidaskClub cut Del Taco Restaurants from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price target on shares of Del Taco Restaurants in a research note on Wednesday, July 26th. Wedbush reaffirmed a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a research note on Monday, May 15th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Del Taco Restaurants in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $15.57.

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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