Berto Acquisition (NASDAQ:TACO) Posts Earnings Results

Berto Acquisition (NASDAQ:TACO) announced its quarterly earnings data on Friday. The restaurant operator reported $0.03 EPS for the quarter, FiscalAI reports.

Berto Acquisition Price Performance

Shares of NASDAQ:TACO remained flat at $10.45 on Friday. The company’s stock had a trading volume of 5,621 shares, compared to its average volume of 39,462. The firm’s 50-day moving average price is $10.45 and its 200-day moving average price is $10.34. Berto Acquisition has a 1 year low of $10.11 and a 1 year high of $10.65.

Hedge Funds Weigh In On Berto Acquisition

A number of institutional investors have recently made changes to their positions in the stock. Berkley W R Corp increased its stake in Berto Acquisition by 77.9% in the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock valued at $18,682,000 after acquiring an additional 797,864 shares during the last quarter. Moore Capital Management LP bought a new position in shares of Berto Acquisition during the 2nd quarter valued at about $10,420,000. Verbena Value LP purchased a new position in shares of Berto Acquisition during the 4th quarter valued at about $9,103,000. Hudson Bay Capital Management LP purchased a new stake in Berto Acquisition in the second quarter worth approximately $8,571,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Berto Acquisition during the second quarter valued at approximately $8,336,000.

Analysts Set New Price Targets

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

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.