Jefferies Financial Group Inc. Grows Position in Berto Acquisition Corp. $TACO

Jefferies Financial Group Inc. boosted its stake in Berto Acquisition Corp. (NASDAQ:TACO) by 591.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 130,774 shares of the restaurant operator’s stock after acquiring an additional 111,860 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Berto Acquisition were worth $1,326,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TACO. FNY Investment Advisers LLC purchased a new stake in Berto Acquisition during the fourth quarter worth approximately $26,000. Jane Street Group LLC purchased a new stake in Berto Acquisition during the second quarter worth approximately $191,000. Prelude Capital Management LLC purchased a new stake in Berto Acquisition during the third quarter worth approximately $283,000. ABC Arbitrage SA purchased a new stake in Berto Acquisition during the fourth quarter worth approximately $304,000. Finally, Wolverine Asset Management LLC grew its stake in Berto Acquisition by 40.8% during the fourth 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 during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Berto Acquisition in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Berto Acquisition Trading Down 0.2%

TACO stock opened at $10.49 on Friday. Berto Acquisition Corp. has a 1 year low of $10.11 and a 1 year high of $11.32. The stock has a 50-day simple moving average of $10.31 and a 200-day simple moving average of $10.22.

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

Berto Acquisition Profile

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.