Insider Selling: Del Taco Restaurants Inc (TACO) SVP Sells 9,260 Shares of Stock

Del Taco Restaurants Inc (NASDAQ:TACO) SVP David Pear sold 9,260 shares of Del Taco Restaurants stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $12.25, for a total value of $113,435.00. Following the sale, the senior vice president now directly owns 115,412 shares in the company, valued at approximately $1,413,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Del Taco Restaurants Inc (NASDAQ:TACO) traded up $0.11 during trading on Wednesday, reaching $12.11. 371,495 shares of the company’s stock traded hands, compared to its average volume of 381,565. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.24 and a current ratio of 0.29. The firm has a market capitalization of $467.99, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.34 and a beta of -0.29. Del Taco Restaurants Inc has a 12-month low of $11.58 and a 12-month high of $15.99.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings results on Thursday, October 19th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting 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 firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. analysts predict that Del Taco Restaurants Inc will post 0.54 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of TACO. UBS Asset Management Americas Inc. grew its position in Del Taco Restaurants by 2,349.8% in the second quarter. UBS Asset Management Americas Inc. now owns 594,017 shares of the restaurant operator’s stock worth $8,168,000 after buying an additional 569,769 shares during the last quarter. FMR LLC grew its position in Del Taco Restaurants by 11.1% in the second quarter. FMR LLC now owns 4,685,160 shares of the restaurant operator’s stock worth $64,421,000 after buying an additional 467,077 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Del Taco Restaurants by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,288,964 shares of the restaurant operator’s stock worth $35,113,000 after purchasing an additional 345,199 shares in the last quarter. Royce & Associates LP grew its position in Del Taco Restaurants by 82.2% during the 3rd quarter. Royce & Associates LP now owns 760,571 shares of the restaurant operator’s stock worth $11,667,000 after purchasing an additional 343,171 shares in the last quarter. Finally, RK Capital Management LLC grew its position in Del Taco Restaurants by 78.2% during the 2nd quarter. RK Capital Management LLC now owns 690,387 shares of the restaurant operator’s stock worth $9,493,000 after purchasing an additional 303,000 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

Several brokerages recently commented on TACO. BidaskClub cut Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. TheStreet cut Del Taco Restaurants from a “b-” rating to a “c+” rating in a report on Friday, October 20th. Wedbush reissued a “buy” rating and set a $17.00 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. Maxim Group reissued a “buy” rating and set a $19.00 target price on shares of Del Taco Restaurants in a report on Friday, October 20th. Finally, BTIG Research dropped their target price on Del Taco Restaurants from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Del Taco Restaurants has an average 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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