Berto Acquisition Corp. (NASDAQ:TACO – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.39 and traded as high as $10.53. Berto Acquisition shares last traded at $10.46, with a volume of 145,918 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Berto Acquisition in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
Read Our Latest Report on TACO
Berto Acquisition Stock Up 0.6%
Berto Acquisition (NASDAQ:TACO – Get Free Report) last issued its earnings results on Tuesday, March 31st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter.
Institutional Trading of Berto Acquisition
A number of hedge funds have recently bought and sold shares of TACO. FNY Investment Advisers LLC bought a new position in shares of Berto Acquisition in the 4th quarter worth $26,000. Levin Capital Strategies L.P. purchased a new position in shares of Berto Acquisition in the 1st quarter worth approximately $102,000. Readystate Asset Management LP purchased a new position in shares of Berto Acquisition in the 4th quarter worth approximately $187,000. Jane Street Group LLC bought a new position in shares of Berto Acquisition during the 2nd quarter worth approximately $191,000. Finally, HRT Financial LP purchased a new stake in Berto Acquisition during the fourth quarter valued at approximately $191,000.
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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