Berto Acquisition Corp. (NASDAQ:TACO – Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.46 and traded as high as $10.48. Berto Acquisition shares last traded at $10.46, with a volume of 35,954 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Berto Acquisition from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Berto Acquisition in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Berto Acquisition has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on TACO
Berto Acquisition Stock Down 0.1%
Berto Acquisition (NASDAQ:TACO – Get Free Report) last announced its earnings results on Friday, August 14th. The restaurant operator reported $0.03 EPS for the quarter.
Hedge Funds Weigh In On Berto Acquisition
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TACO. Levin Capital Strategies L.P. acquired a new stake in Berto Acquisition during the 1st quarter valued at $102,000. Readystate Asset Management LP acquired a new position in Berto Acquisition during the fourth quarter valued at $187,000. Jane Street Group LLC acquired a new position in Berto Acquisition during the second quarter valued at $191,000. HRT Financial LP purchased a new stake in Berto Acquisition in the 4th quarter worth about $191,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Berto Acquisition during the 3rd quarter worth about $197,000.
About Berto Acquisition
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 August 31, 2021, it operated approximately 600 restaurants across 16 states. The company was founded in 1964 and is headquartered in Lake Forest, California.
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