Berto Acquisition Corp. (NASDAQ:TACO – Get Free Report) shares crossed 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 changing hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Berto Acquisition in a research note 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”.
Get Our Latest Research Report on Berto Acquisition
Berto Acquisition Stock Up 0.6%
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 (EPS) for the quarter.
Institutional Trading of Berto Acquisition
Several hedge funds have recently made changes to their positions in TACO. FNY Investment Advisers LLC purchased a new position in Berto Acquisition in the fourth quarter worth approximately $26,000. Levin Capital Strategies L.P. acquired a new position in shares of Berto Acquisition in the first quarter worth $102,000. Jane Street Group LLC acquired a new stake in Berto Acquisition in the 2nd quarter valued at about $191,000. Readystate Asset Management LP purchased a new position in Berto Acquisition in the fourth quarter worth approximately $187,000. Finally, HRT Financial LP purchased a new position in Berto Acquisition in the fourth quarter valued at $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.
Further Reading
- Five stocks we like better than Berto Acquisition
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Receive News & Ratings for Berto Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berto Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.
