Berto Acquisition Corp. $TACO Stock Position Lifted by K2 Principal Fund L.P.

K2 Principal Fund L.P. grew its position in shares of Berto Acquisition Corp. (NASDAQ:TACO) by 39.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 355,204 shares of the restaurant operator’s stock after buying an additional 100,000 shares during the period. K2 Principal Fund L.P.’s holdings in Berto Acquisition were worth $3,602,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Centiva Capital LP lifted its holdings in Berto Acquisition by 69.0% during the 3rd 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 during the last quarter. Hudson Bay Capital Management LP lifted its holdings in Berto Acquisition by 54.0% during the 3rd 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 during the last quarter. Berkley W R Corp lifted its holdings in shares of Berto Acquisition by 932.8% in the 4th quarter. Berkley W R Corp now owns 1,024,734 shares of the restaurant operator’s stock worth $10,391,000 after purchasing an additional 925,514 shares during the last quarter. Moore Capital Management LP bought a new stake in shares of Berto Acquisition in the 2nd quarter worth approximately $10,420,000. Finally, Verbena Value LP bought a new stake in shares of Berto Acquisition in the 4th quarter worth approximately $9,103,000.

Berto Acquisition Price Performance

Shares of NASDAQ TACO opened at $10.39 on Friday. Berto Acquisition Corp. has a 12-month low of $10.11 and a 12-month high of $10.85. The stock’s 50 day simple moving average is $10.36 and its 200 day simple moving average is $10.24.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Berto Acquisition in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average 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.