GSA Capital Partners LLP Sells 42,404 Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST)

GSA Capital Partners LLP decreased its holdings in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 64.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,959 shares of the restaurant operator’s stock after selling 42,404 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of Carrols Restaurant Group worth $281,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TAST. Wells Fargo & Company MN increased its stake in Carrols Restaurant Group by 34.3% during the first quarter. Wells Fargo & Company MN now owns 37,085 shares of the restaurant operator’s stock worth $525,000 after acquiring an additional 9,465 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Carrols Restaurant Group by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 166,069 shares of the restaurant operator’s stock worth $2,350,000 after acquiring an additional 5,526 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Carrols Restaurant Group during the first quarter worth $173,000. Stifel Financial Corp acquired a new stake in Carrols Restaurant Group during the first quarter worth $143,000. Finally, American International Group Inc. increased its stake in Carrols Restaurant Group by 7.1% during the first quarter. American International Group Inc. now owns 21,149 shares of the restaurant operator’s stock worth $299,000 after acquiring an additional 1,398 shares during the last quarter. 86.70% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “GSA Capital Partners LLP Sells 42,404 Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/28/carrols-restaurant-group-inc-tast-shares-sold-by-gsa-capital-partners-llp.html.

Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) opened at 11.40 on Friday. The stock has a 50 day moving average price of $11.27 and a 200-day moving average price of $12.15. Carrols Restaurant Group, Inc. has a 52 week low of $9.60 and a 52 week high of $17.55. The firm has a market capitalization of $403.87 million, a PE ratio of 15.24 and a beta of 0.03.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The firm had revenue of $279.48 million for the quarter, compared to analyst estimates of $274.90 million. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. Equities analysts anticipate that Carrols Restaurant Group, Inc. will post $0.16 earnings per share for the current year.

TAST has been the subject of several recent analyst reports. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $17.50 target price on shares of Carrols Restaurant Group in a research note on Monday, July 24th. Dougherty & Co dropped their price objective on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a research note on Thursday, August 10th. ValuEngine cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, UBS AG cut Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.50.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.

Institutional Ownership by Quarter for Carrols Restaurant Group (NASDAQ:TAST)

Receive News & Ratings for Carrols Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply