Mint Tower Capital Management B.V. Purchases New Position in Berto Acquisition Corp. $TACO

Mint Tower Capital Management B.V. purchased a new stake in shares of Berto Acquisition Corp. (NASDAQ:TACO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 410,668 shares of the restaurant operator’s stock, valued at approximately $4,164,000.

Several other institutional investors have also recently bought and sold shares of the business. Centiva Capital LP raised its position in Berto Acquisition by 69.0% in the 3rd quarter. Centiva Capital LP now owns 1,401,778 shares of the restaurant operator’s stock valued at $14,593,000 after purchasing an additional 572,252 shares during the last quarter. Hudson Bay Capital Management LP raised its position in Berto Acquisition by 54.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 1,266,599 shares of the restaurant operator’s stock valued at $13,185,000 after purchasing an additional 444,007 shares during the last quarter. Moore Capital Management LP bought a new position in Berto Acquisition in the 2nd quarter valued at $10,420,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Berto Acquisition in the 2nd quarter valued at $8,336,000. Finally, Verition Fund Management LLC raised its position in Berto Acquisition by 11.9% in the 3rd quarter. Verition Fund Management LLC now owns 546,153 shares of the restaurant operator’s stock valued at $5,685,000 after purchasing an additional 57,986 shares during the last quarter.

Berto Acquisition Stock Performance

TACO stock opened at $10.39 on Friday. Berto Acquisition Corp. has a twelve month low of $10.11 and a twelve month high of $10.85. The business has a fifty day moving average of $10.36 and a 200-day moving average of $10.24.

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

Analyst Upgrades and Downgrades

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

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.