Governors Lane LP Invests $14.16 Million in Berto Acquisition Corp. $TACO

Governors Lane LP purchased a new stake in shares of Berto Acquisition Corp. (NASDAQ:TACO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,350,000 shares of the restaurant operator’s stock, valued at approximately $14,162,000. Berto Acquisition makes up approximately 1.1% of Governors Lane LP’s investment portfolio, making the stock its 19th biggest position. Governors Lane LP owned 4.14% of Berto Acquisition as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Levin Capital Strategies L.P. purchased a new position in Berto Acquisition in the 1st quarter worth about $102,000. Jane Street Group LLC purchased a new stake in shares of Berto Acquisition during the 2nd quarter valued at about $191,000. Readystate Asset Management LP bought a new stake in shares of Berto Acquisition in the fourth quarter worth approximately $187,000. HRT Financial LP bought a new stake in shares of Berto Acquisition in the fourth quarter worth approximately $191,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Berto Acquisition during the third quarter valued at approximately $197,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TACO. Wall Street Zen downgraded shares of Berto Acquisition from a “hold” rating to a “sell” rating in a research report 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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Berto Acquisition Trading Down 0.0%

Shares of NASDAQ:TACO opened at $10.48 on Wednesday. The firm’s 50 day moving average price is $10.48 and its 200-day moving average price is $10.37. Berto Acquisition Corp. has a twelve month low of $10.11 and a twelve month high of $10.65.

Berto Acquisition (NASDAQ:TACO) last announced its earnings results on Friday, August 14th. The restaurant operator reported $0.03 EPS for the 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.