Berto Acquisition (NASDAQ:TACO) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Berto Acquisition Corp. (NASDAQ:TACO - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.24 and traded as high as $10.36. Berto Acquisition shares last traded at $10.36, with a volume of 268,196 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 MarketBeat, the company has an average rating of "Sell".

Berto Acquisition Stock Up 0.1%

The stock has a fifty day moving average price of $10.24 and a 200-day moving average price of $10.22.

Institutional Investors Weigh In On Berto Acquisition

Several hedge funds have recently bought and sold shares of the business. Cannon Global Investment Management LLC boosted its position in 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 worth $427,000 after acquiring an additional 4,700 shares during the period. Lineage Point Capital LP purchased a new stake in shares of Berto Acquisition in the fourth quarter worth approximately $4,862,000. Alpine Global Management LLC boosted its holdings in shares of 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 purchasing an additional 175,597 shares during the period. Readystate Asset Management LP acquired a new stake in shares of Berto Acquisition during the fourth quarter worth approximately $187,000. Finally, Rivernorth Capital Management LLC grew its position in Berto Acquisition by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 173,906 shares of the restaurant operator's stock valued at $1,763,000 after purchasing an additional 43,750 shares in the last quarter.

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.

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