Lineage Point Capital LP Makes New $4.86 Million Investment in Berto Acquisition Corp. $TACO

Lineage Point Capital LP acquired a new position in shares of Berto Acquisition Corp. (NASDAQ:TACO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 479,502 shares of the restaurant operator’s stock, valued at approximately $4,862,000. Berto Acquisition comprises 1.8% of Lineage Point Capital LP’s investment portfolio, making the stock its 14th biggest position.

Other large investors have also recently bought and sold shares of the company. Mercuria Capital Strategies LLC bought a new position in shares of Berto Acquisition during the fourth quarter worth about $2,747,000. Mint Tower Capital Management B.V. acquired a new position in shares of Berto Acquisition during the fourth quarter valued at approximately $4,164,000. K2 Principal Fund L.P. increased its position in shares of Berto Acquisition by 39.2% during the 4th quarter. K2 Principal Fund L.P. now owns 355,204 shares of the restaurant operator’s stock valued at $3,602,000 after purchasing an additional 100,000 shares during the period. Alpine Global Management LLC grew its holdings in Berto Acquisition by 141.2% during the fourth quarter. Alpine Global Management LLC now owns 300,000 shares of the restaurant operator’s stock worth $3,042,000 after acquiring an additional 175,597 shares during the period. Finally, ABC Arbitrage SA acquired a new position in shares of Berto Acquisition in the 4th quarter worth approximately $304,000.

Berto Acquisition Stock Performance

NASDAQ TACO opened at $10.39 on Friday. Berto Acquisition Corp. has a twelve month low of $10.11 and a twelve month high of $10.85. The firm’s 50 day moving average price is $10.37 and its two-hundred day moving average price is $10.25.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, the stock presently has a consensus rating of “Sell”.

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.