Jefferies Financial Group Inc. Purchases New Holdings in Berto Acquisition Corp. $TACO

Jefferies Financial Group Inc. purchased a new stake in shares of Berto Acquisition Corp. (NASDAQ:TACO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 130,774 shares of the restaurant operator’s stock, valued at approximately $1,369,000.

A number of other hedge funds have also recently bought and sold shares of TACO. StoneX Group Inc. bought a new position in Berto Acquisition in the third quarter valued at approximately $5,355,000. SkyView Investment Advisors LLC bought a new stake in shares of Berto Acquisition during the 2nd quarter worth approximately $4,549,000. Governors Lane LP bought a new stake in shares of Berto Acquisition during the 2nd quarter worth approximately $14,162,000. Sona Asset Management US LLC bought a new stake in shares of Berto Acquisition during the 1st quarter worth approximately $1,697,000. Finally, Berkley W R Corp raised its stake in shares of Berto Acquisition by 77.9% during the 1st quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after purchasing an additional 797,864 shares in the last quarter.

Wall Street Analysts Forecast Growth

TACO has been the subject of several recent analyst reports. Wall Street Zen downgraded Berto Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Berto Acquisition has an average rating of “Sell”.

Berto Acquisition Stock Up 0.1%

Shares of Berto Acquisition stock traded up $0.01 during trading on Friday, hitting $10.52. 12,029 shares of the stock were exchanged, compared to its average volume of 243,746. The company has a fifty day moving average price of $10.48 and a 200-day moving average price of $10.38. Berto Acquisition Corp. has a 1-year low of $10.11 and a 1-year high of $10.59.

Berto Acquisition (NASDAQ:TACO) last issued its earnings results on Friday, November 13th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter.

Berto Acquisition 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.