Berto Acquisition (NASDAQ:TACO) Releases Quarterly Earnings Results

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

Berto Acquisition Trading Up 0.1%

TACO 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 97,828. The stock 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 1-year low of $10.11 and a 1-year high of $10.59.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. Wall Street Zen cut shares of Berto Acquisition from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Berto Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in TACO. Levin Capital Strategies L.P. acquired a new stake in Berto Acquisition during the 1st quarter worth approximately $102,000. Jefferies Financial Group Inc. acquired a new position in shares of Berto Acquisition in the third quarter valued at approximately $1,369,000. Sona Asset Management US LLC acquired a new position in shares of Berto Acquisition in the first quarter valued at approximately $1,697,000. Periscope Capital Inc. acquired a new position in shares of Berto Acquisition in the third quarter valued at approximately $2,879,000. Finally, First Trust Capital Management L.P. purchased a new stake in shares of Berto Acquisition during the third quarter worth approximately $3,685,000.

About Berto Acquisition

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.