Mercuria Capital Strategies LLC Takes $2.75 Million Position in Berto Acquisition Corp. $TACO

Mercuria Capital Strategies LLC bought a new stake in Berto Acquisition Corp. (NASDAQ:TACO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 270,908 shares of the restaurant operator’s stock, valued at approximately $2,747,000. Berto Acquisition accounts for 2.3% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 14th biggest holding. Mercuria Capital Strategies LLC owned approximately 0.83% of Berto Acquisition as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Berto Acquisition in the 2nd quarter valued at approximately $191,000. ABC Arbitrage SA purchased a new position in shares of Berto Acquisition in the 4th quarter valued at approximately $304,000. Cannon Global Investment Management LLC lifted its stake in shares of Berto Acquisition by 55.8% in the 4th quarter. Cannon Global Investment Management LLC now owns 37,000 shares of the restaurant operator’s stock valued at $375,000 after purchasing an additional 13,258 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Berto Acquisition in the 4th quarter valued at approximately $26,000. Finally, Hudson Bay Capital Management LP lifted its stake in shares of 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 period.

Wall Street Analysts Forecast Growth

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 MarketBeat, Berto Acquisition presently has an average rating of “Sell”.

Berto Acquisition Trading Down 0.3%

Shares of NASDAQ:TACO opened at $10.42 on Friday. The stock has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $10.23. Berto Acquisition Corp. has a 12-month low of $10.11 and a 12-month high of $10.85.

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

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.