Berto Acquisition (NASDAQ:TACO) Posts Earnings Results

Berto Acquisition (NASDAQ:TACO) posted its quarterly earnings data on Friday. The restaurant operator reported $0.06 earnings per share for the quarter, FiscalAI reports.

Berto Acquisition Stock Up 0.4%

NASDAQ:TACO opened at $10.44 on Friday. The company has a 50 day moving average price of $10.27 and a 200 day moving average price of $10.21. Berto Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $11.32.

Hedge Funds Weigh In On Berto Acquisition

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new position in shares of Berto Acquisition during the 4th quarter worth approximately $26,000. Levin Capital Strategies L.P. purchased a new position in Berto Acquisition in the 1st quarter valued at approximately $102,000. Jane Street Group LLC purchased a new position in Berto Acquisition in the 2nd quarter valued at approximately $191,000. Readystate Asset Management LP purchased a new position in Berto Acquisition in the 4th quarter valued at approximately $187,000. Finally, HRT Financial LP purchased a new position in Berto Acquisition in the 4th quarter valued at approximately $191,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Berto Acquisition in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, 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.