Jefferies Financial Group Inc. Makes New Investment in Berto Acquisition Corp. $TACO

Jefferies Financial Group Inc. acquired a new stake in Berto Acquisition Corp. (NASDAQ:TACO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 130,774 shares of the restaurant operator’s stock, valued at approximately $1,369,000. Jefferies Financial Group Inc. owned approximately 0.40% of Berto Acquisition at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. StoneX Group Inc. bought a new position in Berto Acquisition during the 3rd quarter worth about $5,355,000. SkyView Investment Advisors LLC bought a new stake in shares of Berto Acquisition in the second quarter valued at about $4,549,000. Governors Lane LP bought a new stake in shares of Berto Acquisition in the second quarter valued at about $14,162,000. Sona Asset Management US LLC bought a new stake in shares of Berto Acquisition in the first quarter valued at about $1,697,000. Finally, Berkley W R Corp boosted its position in shares of Berto Acquisition by 77.9% during the first quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator’s stock worth $18,682,000 after buying an additional 797,864 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TACO shares. Wall Street Zen downgraded Berto Acquisition from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings raised Berto Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Berto Acquisition has an average rating of “Sell”.

Berto Acquisition Stock Performance

TACO traded up $0.01 during trading hours on Friday, hitting $10.52. 12,029 shares of the company’s stock were exchanged, compared to its average volume of 243,746. Berto Acquisition Corp. has a 1-year low of $10.11 and a 1-year high of $10.59. The stock’s 50-day moving average is $10.48 and its two-hundred day moving average is $10.38.

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

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.