Berto Acquisition (NASDAQ:TACO) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Berto Acquisition Corp. (NASDAQ:TACO)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.29 and traded as high as $10.59. Berto Acquisition shares last traded at $10.47, with a volume of 191,169 shares.

Wall Street Analysts Forecast Growth

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

Berto Acquisition Stock Performance

The stock’s fifty day moving average is $10.29 and its two-hundred day moving average is $10.21.

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

Hedge Funds Weigh In On Berto Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new position in Berto Acquisition in the 4th quarter worth approximately $26,000. Radcliffe Capital Management L.P. grew its stake in Berto Acquisition by 0.9% in the 4th quarter. Radcliffe Capital Management L.P. now owns 347,482 shares of the restaurant operator’s stock worth $3,523,000 after buying an additional 3,100 shares in the last quarter. Cannon Global Investment Management LLC grew its stake in Berto Acquisition by 12.7% in the 1st quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock worth $427,000 after buying an additional 4,700 shares in the last quarter. Citadel Advisors LLC grew its stake in Berto Acquisition by 21.9% in the 3rd quarter. Citadel Advisors LLC now owns 53,279 shares of the restaurant operator’s stock worth $555,000 after buying an additional 9,589 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in Berto Acquisition by 40.8% in the 4th quarter. Wolverine Asset Management LLC now owns 33,489 shares of the restaurant operator’s stock worth $340,000 after buying an additional 9,704 shares in the last quarter.

About Berto Acquisition

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.