Berto Acquisition (NASDAQ:TACO) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Berto Acquisition Corp. (NASDAQ:TACO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.29 and traded as high as $10.59. Berto Acquisition shares last traded at $10.47, with a volume of 191,169 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Berto Acquisition in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Berto Acquisition Price Performance

The business’s 50 day moving average is $10.29 and its 200-day moving average is $10.21.

Berto Acquisition (NASDAQ:TACO) last announced its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TACO. ABC Arbitrage SA bought a new stake in Berto Acquisition in the 4th quarter worth about $304,000. Wolverine Asset Management LLC grew its position in Berto Acquisition by 40.8% in the 4th quarter. Wolverine Asset Management LLC now owns 33,489 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 9,704 shares in the last quarter. Cannon Global Investment Management LLC grew its position in Berto Acquisition by 55.8% in the 4th quarter. Cannon Global Investment Management LLC now owns 37,000 shares of the restaurant operator’s stock worth $375,000 after purchasing an additional 13,258 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Berto Acquisition in the 4th quarter worth about $26,000. Finally, Hudson Bay Capital Management LP grew its position in Berto Acquisition by 54.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 1,266,599 shares of the restaurant operator’s stock worth $13,185,000 after purchasing an additional 444,007 shares in the last quarter.

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.