Berto Acquisition (NASDAQ:TACO) Issues Earnings Results

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

Berto Acquisition Price Performance

TACO opened at $10.45 on Friday. Berto Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $10.65. The company’s 50 day moving average price is $10.45 and its two-hundred day moving average price is $10.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Berto Acquisition in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Berto Acquisition

Several large investors have recently modified their holdings of TACO. Levin Capital Strategies L.P. bought a new stake in shares of Berto Acquisition in the first quarter worth $102,000. Readystate Asset Management LP acquired a new stake in Berto Acquisition in the fourth quarter valued at $187,000. Jane Street Group LLC bought a new position in Berto Acquisition during the 2nd quarter worth $191,000. HRT Financial LP bought a new position in Berto Acquisition during the 4th quarter worth $191,000. Finally, Jefferies Financial Group Inc. acquired a new position in Berto Acquisition during the 3rd quarter worth about $197,000.

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.