Berto Acquisition Corp. $TACO Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its position in shares of Berto Acquisition Corp. (NASDAQ:TACO) by 591.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,774 shares of the restaurant operator’s stock after buying an additional 111,860 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.40% of Berto Acquisition worth $1,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Centiva Capital LP grew its holdings in shares of Berto Acquisition by 69.0% during the third quarter. Centiva Capital LP now owns 1,401,778 shares of the restaurant operator’s stock worth $14,593,000 after buying an additional 572,252 shares in the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Berto Acquisition by 54.0% during the third quarter. Hudson Bay Capital Management LP now owns 1,266,599 shares of the restaurant operator’s stock worth $13,185,000 after buying an additional 444,007 shares in the last quarter. Moore Capital Management LP purchased a new stake in shares of Berto Acquisition during the second quarter worth about $10,420,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Berto Acquisition during the second quarter worth about $8,336,000. Finally, Verition Fund Management LLC grew its holdings in shares of Berto Acquisition by 11.9% during the third quarter. Verition Fund Management LLC now owns 546,153 shares of the restaurant operator’s stock worth $5,685,000 after buying an additional 57,986 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Berto Acquisition in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Berto Acquisition Stock Performance

Berto Acquisition stock opened at $10.49 on Friday. Berto Acquisition Corp. has a 1 year low of $10.11 and a 1 year high of $11.32. The firm has a 50 day moving average price of $10.31 and a 200 day moving average price of $10.22.

Berto Acquisition (NASDAQ:TACO) last released its earnings results on Tuesday, March 31st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter.

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.