Martingale Asset Management L P Acquires New Holdings in Del Taco Restaurants Inc (TACO)

Martingale Asset Management L P acquired a new stake in shares of Del Taco Restaurants Inc (NASDAQ:TACO) in the 4th quarter, HoldingsChannel reports. The firm acquired 18,900 shares of the restaurant operator’s stock, valued at approximately $189,000.

Several other institutional investors and hedge funds have also modified their holdings of TACO. PEAK6 Investments LLC purchased a new stake in shares of Del Taco Restaurants during the 3rd quarter valued at $128,000. Trexquant Investment LP purchased a new position in Del Taco Restaurants in the 3rd quarter worth $163,000. Bank of Montreal Can raised its stake in Del Taco Restaurants by 6,440.5% in the 3rd quarter. Bank of Montreal Can now owns 14,389 shares of the restaurant operator’s stock worth $170,000 after acquiring an additional 14,169 shares during the last quarter. Algert Global LLC purchased a new position in Del Taco Restaurants in the 4th quarter worth $177,000. Finally, Group One Trading L.P. raised its stake in Del Taco Restaurants by 150.5% in the 3rd quarter. Group One Trading L.P. now owns 16,823 shares of the restaurant operator’s stock worth $199,000 after acquiring an additional 10,106 shares during the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.

A number of brokerages recently issued reports on TACO. Zacks Investment Research upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, January 18th. BidaskClub lowered Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. Maxim Group restated a “buy” rating and issued a $16.00 target price on shares of Del Taco Restaurants in a research note on Tuesday, January 15th. Finally, ValuEngine lowered Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.43.

In related news, SVP David Pear sold 5,982 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $10.15, for a total value of $60,717.30. Following the completion of the transaction, the senior vice president now owns 131,710 shares in the company, valued at approximately $1,336,856.50. The sale 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.

Shares of TACO stock opened at $10.15 on Friday. The firm has a market capitalization of $382.93 million, a P/E ratio of 19.52, a PEG ratio of 1.13 and a beta of 0.20. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 0.40. Del Taco Restaurants Inc has a 1 year low of $9.45 and a 1 year high of $14.83.

TRADEMARK VIOLATION WARNING: This news story was published by WKRB News and is owned by of WKRB News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.wkrb13.com/2019/03/17/martingale-asset-management-l-p-acquires-new-holdings-in-del-taco-restaurants-inc-taco.html.

Del Taco Restaurants Company Profile

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.

Featured Story: Trading Strategy

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)

Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply