K2 Principal Fund L.P. Grows Stock Position in Berto Acquisition Corp. $TACO

K2 Principal Fund L.P. increased its holdings in shares of Berto Acquisition Corp. (NASDAQ:TACO) by 39.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,204 shares of the restaurant operator’s stock after buying an additional 100,000 shares during the quarter. K2 Principal Fund L.P. owned about 1.09% of Berto Acquisition worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mercuria Capital Strategies LLC acquired a new stake in Berto Acquisition during the fourth quarter worth about $2,747,000. Mint Tower Capital Management B.V. acquired a new stake in Berto Acquisition during the fourth quarter worth about $4,164,000. Centiva Capital LP increased its stake in Berto Acquisition by 69.0% during the third quarter. Centiva Capital LP now owns 1,401,778 shares of the restaurant operator’s stock worth $14,593,000 after acquiring an additional 572,252 shares during the last quarter. Clear Street Group Inc. acquired a new stake in Berto Acquisition during the third quarter worth about $2,295,000. Finally, Shaolin Capital Management LLC increased its stake in Berto Acquisition by 60.0% during the third quarter. Shaolin Capital Management LLC now owns 200,000 shares of the restaurant operator’s stock worth $2,080,000 after acquiring an additional 75,000 shares during the last quarter.

Berto Acquisition Price Performance

NASDAQ:TACO opened at $10.39 on Friday. The business’s 50 day moving average is $10.36 and its two-hundred day moving average is $10.24. Berto Acquisition Corp. has a 52 week low of $10.11 and a 52 week high of $10.85.

Berto Acquisition (NASDAQ:TACO) last released its earnings results on Tuesday, March 31st. The restaurant operator reported $0.15 EPS for the quarter.

Analyst Upgrades and Downgrades

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