410,668 Shares in Berto Acquisition Corp. $TACO Bought by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. acquired a new position in shares of Berto Acquisition Corp. (NASDAQ:TACO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 410,668 shares of the restaurant operator’s stock, valued at approximately $4,164,000. Mint Tower Capital Management B.V. owned 1.26% of Berto Acquisition at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Centiva Capital LP boosted its holdings in shares of Berto Acquisition by 69.0% during the 3rd quarter. Centiva Capital LP now owns 1,401,778 shares of the restaurant operator’s stock worth $14,593,000 after buying an additional 572,252 shares during the period. Hudson Bay Capital Management LP boosted its stake in Berto Acquisition by 54.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 1,266,599 shares of the restaurant operator’s stock valued at $13,185,000 after purchasing an additional 444,007 shares during the period. Moore Capital Management LP bought a new stake in Berto Acquisition during the 2nd quarter valued at approximately $10,420,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Berto Acquisition during the 2nd quarter valued at approximately $8,336,000. Finally, Verition Fund Management LLC boosted its stake in Berto Acquisition by 11.9% during the 3rd quarter. Verition Fund Management LLC now owns 546,153 shares of the restaurant operator’s stock valued at $5,685,000 after purchasing an additional 57,986 shares during the period.

Berto Acquisition Price Performance

NASDAQ:TACO opened at $10.39 on Friday. The company has a 50-day moving average of $10.36 and a 200-day moving average of $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 posted its earnings results on Tuesday, March 31st. The restaurant operator reported $0.15 EPS for the quarter.

Wall Street Analyst Weigh In

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