Berto Acquisition (NASDAQ:TACO) Posts Earnings Results

Berto Acquisition (NASDAQ:TACO) issued its earnings results on Friday. The restaurant operator reported $0.04 earnings per share for the quarter, FiscalAI reports.

Berto Acquisition Price Performance

TACO stock traded up $0.01 during trading on Friday, hitting $10.52. The company had a trading volume of 12,029 shares, compared to its average volume of 243,746. The company has a fifty day moving average price of $10.48 and a two-hundred day moving average price of $10.38. Berto Acquisition has a fifty-two week low of $10.11 and a fifty-two week high of $10.59.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Levin Capital Strategies L.P. acquired a new position in Berto Acquisition in the first quarter valued at about $102,000. Jefferies Financial Group Inc. bought a new stake in Berto Acquisition during the 3rd quarter worth approximately $1,369,000. Sona Asset Management US LLC acquired a new stake in Berto Acquisition during the 1st quarter valued at $1,697,000. Periscope Capital Inc. bought a new position in Berto Acquisition in the 3rd quarter valued at $2,879,000. Finally, First Trust Capital Management L.P. bought a new position in Berto Acquisition in the 3rd quarter valued at $3,685,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TACO. Wall Street Zen cut shares of Berto Acquisition from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded shares of Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Berto Acquisition Company Profile

Berto Acquisition Corp. is a special purpose acquisition company, or blank-check company, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. Unlike an operating company, Berto does not have established products or services of its own. Its business activity centers on identifying and completing a transaction with a target company. Information about a completed business combination, target industry, operating geographies, and company leadership is not included here.