Berto Acquisition (NASDAQ:TACO) Posts Earnings Results

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

Berto Acquisition Price Performance

Berto Acquisition stock remained flat at $10.45 during midday trading on Friday. The company had a trading volume of 5,621 shares, compared to its average volume of 92,598. The business’s 50 day moving average is $10.45 and its two-hundred day moving average is $10.34. Berto Acquisition has a 1 year low of $10.11 and a 1 year high of $10.65.

Institutional Trading of Berto Acquisition

Institutional investors and hedge funds have recently modified their holdings of the business. Radcliffe Capital Management L.P. increased its position in Berto Acquisition by 0.9% in the fourth quarter. Radcliffe Capital Management L.P. now owns 347,482 shares of the restaurant operator’s stock worth $3,523,000 after buying an additional 3,100 shares during the period. Cannon Global Investment Management LLC raised its stake in shares of Berto Acquisition by 12.7% during the first quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock valued at $427,000 after purchasing an additional 4,700 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Berto Acquisition by 21.9% during the third quarter. Citadel Advisors LLC now owns 53,279 shares of the restaurant operator’s stock valued at $555,000 after acquiring an additional 9,589 shares during the period. Wolverine Asset Management LLC raised its position in Berto Acquisition by 40.8% in the fourth quarter. Wolverine Asset Management LLC now owns 33,489 shares of the restaurant operator’s stock worth $340,000 after acquiring an additional 9,704 shares in the last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in Berto Acquisition in the first quarter worth approximately $102,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 MarketBeat.com, Berto Acquisition 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.