Sona Asset Management US LLC Buys New Shares in Berto Acquisition Corp. $TACO

Sona Asset Management US LLC purchased a new stake in shares of Berto Acquisition Corp. (NASDAQ:TACO) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 165,606 shares of the restaurant operator’s stock, valued at approximately $1,697,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FNY Investment Advisers LLC bought a new position in shares of Berto Acquisition in the fourth quarter worth about $26,000. Radcliffe Capital Management L.P. grew its stake in shares of Berto Acquisition by 0.9% during the 4th quarter. Radcliffe Capital Management L.P. now owns 347,482 shares of the restaurant operator’s stock valued at $3,523,000 after acquiring an additional 3,100 shares during the period. Cannon Global Investment Management LLC grew its stake in shares of Berto Acquisition by 12.7% during the 1st quarter. Cannon Global Investment Management LLC now owns 41,700 shares of the restaurant operator’s stock valued at $427,000 after acquiring an additional 4,700 shares during the period. Citadel Advisors LLC grew its stake in shares of Berto Acquisition by 21.9% during the 3rd quarter. Citadel Advisors LLC now owns 53,279 shares of the restaurant operator’s stock valued at $555,000 after acquiring an additional 9,589 shares during the period. Finally, Wolverine Asset Management LLC increased its holdings in Berto Acquisition by 40.8% in the 4th quarter. Wolverine Asset Management LLC now owns 33,489 shares of the restaurant operator’s stock worth $340,000 after acquiring an additional 9,704 shares in the last quarter.

Berto Acquisition Price Performance

Shares of Berto Acquisition stock opened at $10.48 on Monday. The company has a fifty day moving average of $10.45 and a 200 day moving average of $10.31. Berto Acquisition Corp. has a fifty-two week low of $10.11 and a fifty-two week high of $10.65.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Berto Acquisition in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.