Mercuria Capital Strategies LLC Acquires Shares of 270,908 Berto Acquisition Corp. $TACO

Mercuria Capital Strategies LLC acquired a new stake in shares of Berto Acquisition Corp. (NASDAQ:TACO) in the fourth quarter, Holdings Channel reports. The firm acquired 270,908 shares of the restaurant operator’s stock, valued at approximately $2,747,000. Berto Acquisition makes up about 2.3% of Mercuria Capital Strategies LLC’s holdings, making the stock its 14th biggest position.

A number of other large investors have also added to or reduced their stakes in the stock. Periscope Capital Inc. raised its stake in Berto Acquisition by 8.7% during the fourth quarter. Periscope Capital Inc. now owns 195,000 shares of the restaurant operator’s stock valued at $1,977,000 after buying an additional 15,600 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Berto Acquisition by 591.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 130,774 shares of the restaurant operator’s stock worth $1,326,000 after purchasing an additional 111,860 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of Berto Acquisition in the fourth quarter worth $304,000. Wolverine Asset Management LLC raised its stake in shares of Berto Acquisition by 40.8% in the fourth quarter. Wolverine Asset Management LLC now owns 33,489 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 9,704 shares during the last quarter. Finally, Cannon Global Investment Management LLC raised its stake in shares of Berto Acquisition by 55.8% in the fourth quarter. Cannon Global Investment Management LLC now owns 37,000 shares of the restaurant operator’s stock worth $375,000 after purchasing an additional 13,258 shares during the last quarter.

Berto Acquisition Stock Performance

TACO stock opened at $10.42 on Friday. Berto Acquisition Corp. has a 1-year low of $10.11 and a 1-year high of $10.85. The business has a fifty day moving average price of $10.34 and a 200-day moving average price of $10.23.

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

Analyst Ratings Changes

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

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.