Berto Acquisition (NASDAQ:TACO) Rating Lowered to “Sell” at Wall Street Zen

Berto Acquisition (NASDAQ:TACO – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Berto Acquisition in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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Berto Acquisition Price Performance

TACO stock opened at $10.46 on Friday. The stock’s 50 day simple moving average is $10.46 and its 200 day simple moving average is $10.35. Berto Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $10.65.

Berto Acquisition (NASDAQ:TACO – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The restaurant operator reported $0.03 EPS for the quarter.

Hedge Funds Weigh In On Berto Acquisition

Several institutional investors have recently bought and sold shares of the company. Levin Capital Strategies L.P. bought a new position in Berto Acquisition during the first quarter valued at $102,000. Readystate Asset Management LP bought a new stake in shares of Berto Acquisition in the fourth quarter valued at $187,000. Jane Street Group LLC bought a new stake in shares of Berto Acquisition in the second quarter valued at $191,000. HRT Financial LP purchased a new position in shares of Berto Acquisition during the 4th quarter valued at $191,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Berto Acquisition during the 3rd quarter valued at $197,000.

Berto Acquisition Company Profile

(Get Free Report)

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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