Berto Acquisition Corp. (NASDAQ:TACO - Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 9,356 shares, an increase of 823.6% from the June 15th total of 1,013 shares. Based on an average trading volume of 77,542 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Berto Acquisition Stock Performance

• Del Taco Is A Tasty Treat For Dividend Growth Portfolios

NASDAQ:TACO remained flat at $10.52 during trading hours on Friday. 96,261 shares of the company's stock were exchanged, compared to its average volume of 103,570. Berto Acquisition has a 52 week low of $10.11 and a 52 week high of $10.69. The stock has a fifty day moving average of $10.43 and a 200-day moving average of $10.28.

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

Institutional Investors Weigh In On Berto Acquisition

• Del Taco Restaurants Serves Up Combo Platter of Reasons to Buy In

Several large investors have recently bought and sold shares of TACO. Berkley W R Corp raised its stake in Berto Acquisition by 77.9% in the 1st quarter. Berkley W R Corp now owns 1,822,598 shares of the restaurant operator's stock valued at $18,682,000 after purchasing an additional 797,864 shares during the last quarter. Centiva Capital LP grew its holdings in shares of Berto Acquisition by 69.0% during the third quarter. Centiva Capital LP now owns 1,401,778 shares of the restaurant operator's stock worth $14,593,000 after buying an additional 572,252 shares in the last quarter. Hudson Bay Capital Management LP grew its holdings in shares of Berto Acquisition by 54.0% during the third quarter. Hudson Bay Capital Management LP now owns 1,266,599 shares of the restaurant operator's stock worth $13,185,000 after buying an additional 444,007 shares in the last quarter. Moore Capital Management LP acquired a new stake in shares of Berto Acquisition in the second quarter valued at about $10,420,000. Finally, Verbena Value LP acquired a new stake in shares of Berto Acquisition in the fourth quarter valued at about $9,103,000.

Analyst Ratings Changes

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

• It Is Time To Take A Bite Out Of Del Taco Restaurants NASDAQ: TACO

Check Out Our Latest Analysis on Berto Acquisition

About Berto Acquisition

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Berto Acquisition
• Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
• Power Struggle: Wolfspeed Sues Navitas Over AI Chips
• Why WD-40 Is Proving Great Businesses Never Go Out of Style
• Pushing the Edge: Super Micro Computer Reboots the AI Landscape

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Berto Acquisition Right Now?

Before you consider Berto Acquisition, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Berto Acquisition wasn't on the list.

While Berto Acquisition currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here