Berto Acquisition (NASDAQ:TACO) Issues Quarterly Earnings Results

Berto Acquisition (NASDAQ:TACO) released its earnings results on Friday. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports.

Berto Acquisition Trading Up 0.1%

Shares of TACO stock traded up $0.01 during trading hours on Friday, reaching $10.52. The company’s stock had a trading volume of 12,029 shares, compared to its average volume of 243,746. The firm’s 50 day simple moving average is $10.48 and its 200-day simple moving average is $10.38. Berto Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $10.59.

Institutional Trading of Berto Acquisition

A number of hedge funds have recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. bought a new stake in shares of Berto Acquisition during the first quarter worth about $102,000. Jefferies Financial Group Inc. acquired a new stake in shares of Berto Acquisition during the 3rd quarter worth approximately $1,369,000. Sona Asset Management US LLC acquired a new stake in Berto Acquisition in the first quarter worth $1,697,000. Periscope Capital Inc. acquired a new stake in shares of Berto Acquisition in the 3rd quarter valued at about $2,879,000. Finally, First Trust Capital Management L.P. acquired a new stake in Berto Acquisition in the third quarter valued at approximately $3,685,000.

Wall Street Analyst Weigh In

TACO has been the topic of several analyst reports. Wall Street Zen lowered shares of Berto Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings raised Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

About Berto Acquisition

Berto Acquisition Corp. is a special purpose acquisition company, or blank-check company, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. Unlike an operating company, Berto does not have established products or services of its own. Its business activity centers on identifying and completing a transaction with a target company. Information about a completed business combination, target industry, operating geographies, and company leadership is not included here.