Berto Acquisition (NASDAQ:TACO) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Berto Acquisition (NASDAQ:TACO) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Berto Acquisition in a research note on Wednesday, July 8th. 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 Down 0.1%

Shares of TACO opened at $10.46 on Friday. The firm’s fifty day simple moving average is $10.46 and its two-hundred day simple moving average is $10.35. Berto Acquisition has a 12 month low of $10.11 and a 12 month high of $10.65.

Berto Acquisition (NASDAQ:TACO) last posted its quarterly earnings data on Friday, August 14th. The restaurant operator reported $0.03 earnings per share for the quarter.

Institutional Investors Weigh In On Berto Acquisition

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new position in shares of Berto Acquisition during the second quarter valued at about $792,000. JPMorgan Chase & Co. acquired a new stake in shares of Berto Acquisition in the 2nd quarter valued at about $1,162,000. Shaolin Capital Management LLC acquired a new stake in shares of Berto Acquisition in the 2nd quarter valued at about $1,303,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Berto Acquisition in the 2nd quarter valued at about $8,336,000. Finally, Jane Street Group LLC bought a new stake in Berto Acquisition in the 2nd quarter valued at 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.