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.
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.
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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.
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