Berto Acquisition Corp. $TACO Shares Purchased by Alpine Global Management LLC

Alpine Global Management LLC raised its holdings in shares of Berto Acquisition Corp. (NASDAQ:TACO) by 141.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the restaurant operator’s stock after purchasing an additional 175,597 shares during the period. Alpine Global Management LLC’s holdings in Berto Acquisition were worth $3,042,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Moore Capital Management LP acquired a new stake in shares of Berto Acquisition during the second quarter worth $10,420,000. Berkley W R Corp grew its position in shares of Berto Acquisition by 932.8% during the 4th quarter. Berkley W R Corp now owns 1,024,734 shares of the restaurant operator’s stock valued at $10,391,000 after buying an additional 925,514 shares during the last quarter. Verbena Value LP bought a new stake in shares of Berto Acquisition during the 4th quarter valued at about $9,103,000. Hudson Bay Capital Management LP acquired a new stake in Berto Acquisition during the second quarter worth about $8,571,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Berto Acquisition during the second quarter worth about $8,336,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Berto Acquisition in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Berto Acquisition Stock Performance

Shares of NASDAQ:TACO opened at $10.39 on Friday. The company’s 50-day moving average price is $10.37 and its 200 day moving average price is $10.25. Berto Acquisition Corp. has a fifty-two week low of $10.11 and a fifty-two week high of $10.85.

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

Berto Acquisition Profile

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.