Plymouth Lane Capital Management Exits Position in Del Taco Restaurants Inc (TACO)

Del Taco Restaurants Inc (TACO) : Plymouth Lane Capital Management has sold out all of its stake in Del Taco Restaurants Inc during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 150,317 shares of Del Taco Restaurants Inc which is valued at $1,618,914.

Other Hedge Funds, Including , Teachers Advisors Inc added TACO to its portfolio by purchasing 36,003 company shares during the most recent quarter which is valued at $387,752. Gilder Gagnon Howe Co sold out all of its stake in TACO during the most recent quarter. The investment firm sold 285,230 shares of TACO which is valued $2,906,494.Rothschild Investment Corp Il boosted its stake in TACO in the latest quarter, The investment management firm added 58,175 additional shares and now holds a total of 126,441 shares of Del Taco Restaurants Inc which is valued at $1,347,861. Del Taco Restaurants Inc makes up approx 0.17% of Rothschild Investment Corp Il’s portfolio.

Del Taco Restaurants Inc opened for trading at $10.8 and hit $11.07 on the upside on Tuesday, eventually ending the session at $10.97, with a gain of 2.43% or 0.26 points. The heightened volatility saw the trading volume jump to 5,39,321 shares. Company has a market cap of $417 M.

On the company’s financial health, Del Taco Restaurants Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.12. The company had revenue of $100.03 million for the quarter, compared to analysts expectations of $100.06 million. The company’s revenue was up 2.5% compared to the same quarter last year.

Del Taco Restaurants Inc. formerly Levy Acquisition Corporation is a food service company. The Company operates quick service restaurant (QSR) chain under Del Taco in the United States. The Company offers Mexican- cuisine and American classics menu. Its menu includes various categories such as tacos burritos Fresca bowls American grill quesadillas and nachos desserts and shakes sides and salads combos and fiesta pack kid’s meals drinks breakfast and Buck & Under. In addition its menu includes Double Beef Classic Taco Del Combo Burrito Del Beef Burrito MACHO Combo Burrito Double Del Cheeseburger Bacon Double Del Cheeseburger Deluxe Chili Cheddar Fries MACHO Nachos Caramel Cheesecake Bites Chocolate Chip Cookies CrunchTada Tostada and Turkey CrunchTada Tostada among others. The Company and its franchisees operate approximately 550 restaurants in 16 states.

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