Renaissance Technologies LLC cut its stake in Del Taco Restaurants, Inc. (NASDAQ:TACO) by 33.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 243,600 shares of the restaurant operator’s stock after selling 123,400 shares during the period. Renaissance Technologies LLC’s holdings in Del Taco Restaurants were worth $3,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TACO. FMR LLC increased its position in Del Taco Restaurants by 21.6% in the first quarter. FMR LLC now owns 4,218,083 shares of the restaurant operator’s stock valued at $55,932,000 after buying an additional 749,348 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Del Taco Restaurants by 98.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,315 shares of the restaurant operator’s stock valued at $16,667,000 after buying an additional 585,518 shares in the last quarter. RK Capital Management LLC bought a new position in Del Taco Restaurants during the first quarter valued at approximately $5,137,000. MARSHALL WACE ASIA Ltd bought a new position in Del Taco Restaurants during the first quarter valued at approximately $4,148,000. Finally, Marshall Wace North America L.P. bought a new position in Del Taco Restaurants during the first quarter valued at approximately $4,148,000. Hedge funds and other institutional investors own 66.76% of the company’s stock.

Shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) traded up 1.52% on Friday, reaching $12.70. The company had a trading volume of 280,710 shares. The firm has a market capitalization of $491.31 million, a price-to-earnings ratio of 22.36 and a beta of -0.21. The stock’s 50 day moving average is $13.10 and its 200 day moving average is $13.15. Del Taco Restaurants, Inc. has a 52 week low of $10.41 and a 52 week high of $15.32.

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

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TACO has been the topic of several analyst reports. Zacks Investment Research downgraded Del Taco Restaurants from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $16.00 price target on shares of Del Taco Restaurants in a report on Friday, May 5th. Maxim Group restated a “buy” rating and set a $19.00 price target on shares of Del Taco Restaurants in a report on Thursday, June 22nd. Wedbush restated a “buy” rating and set a $17.00 price target on shares of Del Taco Restaurants in a report on Friday, May 5th. Finally, BidaskClub downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $15.57.

Del Taco Restaurants Company Profile

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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