Boston Partners Reduces Holdings in Carrols Restaurant Group, Inc. (TAST)

Boston Partners decreased its stake in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,570 shares of the restaurant operator’s stock after selling 64,640 shares during the period. Boston Partners owned 0.98% of Carrols Restaurant Group worth $4,320,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Carrols Restaurant Group in the 3rd quarter valued at about $104,000. Susquehanna International Group LLP increased its holdings in shares of Carrols Restaurant Group by 165.2% in the 3rd quarter. Susquehanna International Group LLP now owns 10,794 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 27,358 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in Carrols Restaurant Group in the 3rd quarter valued at about $133,000. State Board of Administration of Florida Retirement System grew its stake in Carrols Restaurant Group by 43.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 15,568 shares of the restaurant operator’s stock valued at $170,000 after acquiring an additional 4,725 shares during the last quarter. Finally, Citigroup Inc. grew its stake in Carrols Restaurant Group by 8.0% in the 2nd quarter. Citigroup Inc. now owns 14,990 shares of the restaurant operator’s stock valued at $184,000 after acquiring an additional 1,116 shares during the last quarter. Hedge funds and other institutional investors own 86.95% of the company’s stock.

In other news, VP William E. Myers sold 6,400 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $12.96, for a total transaction of $82,944.00. Following the completion of the transaction, the vice president now owns 77,049 shares of the company’s stock, valued at $998,555.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel T. Accordino sold 50,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $13.06, for a total transaction of $653,000.00. Following the transaction, the chief executive officer now directly owns 1,147,860 shares of the company’s stock, valued at approximately $14,991,051.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,900 shares of company stock valued at $767,944. 5.60% of the stock is currently owned by corporate insiders.

Shares of Carrols Restaurant Group, Inc. (TAST) opened at $12.90 on Tuesday. The firm has a market cap of $466.45, a P/E ratio of 107.50, a PEG ratio of 2.69 and a beta of 0.15. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95. Carrols Restaurant Group, Inc. has a 1 year low of $9.90 and a 1 year high of $17.20.

TAST has been the topic of several research analyst reports. Zacks Investment Research raised shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Thursday, December 21st. Citigroup raised their price target on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Monday, November 20th. BidaskClub lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Finally, ValuEngine lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.00.

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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)

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