Bessemer Group Inc. lifted its position in Del Taco Restaurants, Inc. (NASDAQ:TACO) by 308.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,900 shares of the restaurant operator’s stock after buying an additional 18,800 shares during the quarter. Bessemer Group Inc. owned about 0.06% of Del Taco Restaurants worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can increased its position in Del Taco Restaurants by 5,995.7% during the second quarter. Bank of Montreal Can now owns 9,814 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 9,653 shares during the period. Voya Investment Management LLC bought a new position in Del Taco Restaurants during the second quarter worth $165,000. Victory Capital Management Inc. bought a new position in Del Taco Restaurants during the third quarter worth $209,000. American International Group Inc. increased its position in Del Taco Restaurants by 7.0% during the first quarter. American International Group Inc. now owns 14,229 shares of the restaurant operator’s stock worth $189,000 after acquiring an additional 927 shares during the period. Finally, Martingale Asset Management L P bought a new position in Del Taco Restaurants during the second quarter worth $200,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Shares of Del Taco Restaurants, Inc. (NASDAQ:TACO) opened at $12.12 on Friday. The stock has a market cap of $468.77, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.35 and a beta of -0.27. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 0.42. Del Taco Restaurants, Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $15.99.

Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $110.99 million for the quarter, compared to analyst estimates of $110.46 million. Del Taco Restaurants had a net margin of 4.78% and a return on equity of 5.89%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. equities research analysts forecast that Del Taco Restaurants, Inc. will post 0.54 earnings per share for the current fiscal year.

In other Del Taco Restaurants news, Director Lawrence F. Levy purchased 200,000 shares of the stock in a transaction on Monday, October 23rd. The shares were purchased at an average price of $12.54 per share, with a total value of $2,508,000.00. Following the acquisition, the director now directly owns 18,356 shares of the company’s stock, valued at approximately $230,184.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 14.60% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Del Taco Restaurants from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BTIG Research dropped their target price on shares of Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. Maxim Group reaffirmed a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a research report on Friday, October 20th. Wedbush reaffirmed a “buy” rating and set a $17.00 target price on shares of Del Taco Restaurants in a research report on Friday, October 20th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Del Taco Restaurants in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $16.67.

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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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