Shares of Berto Acquisition Corp. (NASDAQ:TACO – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.26 and traded as high as $10.40. Berto Acquisition shares last traded at $10.40, with a volume of 180,456 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings restated 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, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on TACO
Berto Acquisition Trading Up 0.4%
Berto Acquisition (NASDAQ:TACO – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported $0.15 earnings per share for the quarter.
Hedge Funds Weigh In On Berto Acquisition
Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of Berto Acquisition in the 4th quarter worth about $26,000. Levin Capital Strategies L.P. acquired a new stake in shares of Berto Acquisition in the 1st quarter worth about $102,000. Readystate Asset Management LP acquired a new stake in shares of Berto Acquisition in the 4th quarter worth about $187,000. Jane Street Group LLC acquired a new stake in shares of Berto Acquisition in the 2nd quarter worth about $191,000. Finally, HRT Financial LP acquired a new stake in shares of Berto Acquisition in the 4th quarter worth about $191,000.
Berto Acquisition Company 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.
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