Berto Acquisition (NASDAQ:TACO) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Berto Acquisition (NASDAQ:TACO) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Berto Acquisition in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Berto Acquisition presently has a consensus rating of “Sell”.

Berto Acquisition Trading Up 0.1%

Shares of NASDAQ:TACO opened at $10.47 on Friday. The stock has a fifty day simple moving average of $10.46 and a two-hundred day simple moving average of $10.35. Berto Acquisition has a 12-month low of $10.11 and a 12-month high of $10.65.

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

Institutional Trading of Berto Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Levin Capital Strategies L.P. purchased a new position in shares of Berto Acquisition during the 1st quarter worth $102,000. Readystate Asset Management LP purchased a new stake in shares of Berto Acquisition in the 4th quarter worth $187,000. Jane Street Group LLC purchased a new stake in shares of Berto Acquisition in the 2nd quarter worth $191,000. HRT Financial LP bought a new position in Berto Acquisition in the 4th quarter worth $191,000. Finally, Jefferies Financial Group Inc. bought a new position in Berto Acquisition in the 3rd quarter worth $197,000.

Berto Acquisition Company 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.