Catalyst Capital Advisors LLC Has $1.84 Million Stake in Del Taco Restaurants Inc (NASDAQ:TACO)

Catalyst Capital Advisors LLC increased its position in shares of Del Taco Restaurants Inc (NASDAQ:TACO) by 47.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 232,720 shares of the restaurant operator’s stock after buying an additional 75,000 shares during the quarter. Catalyst Capital Advisors LLC owned 0.63% of Del Taco Restaurants worth $1,840,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Del Taco Restaurants during the third quarter worth about $179,000. Alta Capital Management LLC grew its stake in Del Taco Restaurants by 72.6% in the fourth quarter. Alta Capital Management LLC now owns 21,400 shares of the restaurant operator’s stock valued at $169,000 after purchasing an additional 9,000 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Del Taco Restaurants by 11.1% in the third quarter. Russell Investments Group Ltd. now owns 1,745,129 shares of the restaurant operator’s stock valued at $17,844,000 after purchasing an additional 174,922 shares in the last quarter. Barclays PLC grew its stake in Del Taco Restaurants by 991.3% in the third quarter. Barclays PLC now owns 218,517 shares of the restaurant operator’s stock valued at $2,233,000 after purchasing an additional 198,493 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Del Taco Restaurants by 18.2% in the third quarter. First Trust Advisors LP now owns 73,135 shares of the restaurant operator’s stock valued at $748,000 after purchasing an additional 11,256 shares in the last quarter. Institutional investors and hedge funds own 88.34% of the company’s stock.

In other Del Taco Restaurants news, Director Eileen A. Aptman acquired 91,369 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $7.86 per share, with a total value of $718,160.34. Following the completion of the transaction, the director now directly owns 45,511 shares in the company, valued at approximately $357,716.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eileen A. Aptman acquired 35,420 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $7.19 per share, with a total value of $254,669.80. Following the completion of the transaction, the director now owns 45,511 shares of the company’s stock, valued at $327,224.09. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 189,879 shares of company stock valued at $1,442,220. Corporate insiders own 16.40% of the company’s stock.

A number of research analysts have weighed in on TACO shares. Maxim Group restated a “buy” rating and issued a $14.00 price target on shares of Del Taco Restaurants in a research note on Monday, January 20th. Zacks Investment Research upgraded Del Taco Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, December 25th. Wedbush decreased their price target on Del Taco Restaurants from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, October 22nd. Finally, BidaskClub downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research note on Saturday, January 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Del Taco Restaurants currently has an average rating of “Hold” and a consensus target price of $12.50.

TACO stock opened at $7.75 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average price of $7.76 and a two-hundred day moving average price of $9.01. The company has a market cap of $286.47 million, a price-to-earnings ratio of 193.75, a P/E/G ratio of 1.17 and a beta of 0.25. Del Taco Restaurants Inc has a twelve month low of $6.92 and a twelve month high of $13.50.

Del Taco Restaurants 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.

Further Reading: Initial Coin Offering (ICO)

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Institutional Ownership by Quarter for Del Taco Restaurants (NASDAQ:TACO)

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