Rhumbline Advisers Has $435,000 Stake in Carrols Restaurant Group (TAST)

Rhumbline Advisers lessened its position in Carrols Restaurant Group (NASDAQ:TAST) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,841 shares of the restaurant operator’s stock after selling 6,186 shares during the quarter. Rhumbline Advisers owned 0.10% of Carrols Restaurant Group worth $435,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Monarch Partners Asset Management LLC lifted its holdings in shares of Carrols Restaurant Group by 13.7% in the 4th quarter. Monarch Partners Asset Management LLC now owns 43,580 shares of the restaurant operator’s stock worth $529,000 after acquiring an additional 5,260 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Carrols Restaurant Group by 5.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 150,651 shares of the restaurant operator’s stock worth $1,643,000 after acquiring an additional 7,887 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Carrols Restaurant Group in the 3rd quarter worth about $104,000. California Public Employees Retirement System lifted its holdings in shares of Carrols Restaurant Group by 11.8% in the 3rd quarter. California Public Employees Retirement System now owns 90,596 shares of the restaurant operator’s stock worth $987,000 after acquiring an additional 9,596 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Carrols Restaurant Group by 20.5% in the 4th quarter. Wells Fargo & Company MN now owns 60,033 shares of the restaurant operator’s stock worth $729,000 after acquiring an additional 10,228 shares during the last quarter. Hedge funds and other institutional investors own 87.85% of the company’s stock.

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TAST stock opened at $11.25 on Friday. The stock has a market capitalization of $414.72, a P/E ratio of 56.25, a P/E/G ratio of 2.18 and a beta of 0.26. Carrols Restaurant Group has a 12 month low of $9.90 and a 12 month high of $14.45. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 1.73.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $283.97 million for the quarter, compared to the consensus estimate of $274.59 million. Carrols Restaurant Group had a net margin of 0.66% and a return on equity of 5.58%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 EPS. equities research analysts expect that Carrols Restaurant Group will post 0.26 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Carrols Restaurant Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 5th. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Dougherty & Co reaffirmed a “buy” rating on shares of Carrols Restaurant Group in a research note on Sunday, March 4th. ValuEngine raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub downgraded shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Monday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.00.

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Carrols Restaurant Group Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King. As of December 31, 2017, it owned and operated 807 Burger King restaurants located in 17 states of the United States. The company was founded in 1960 and is headquartered in Syracuse, New York.

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

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