Stone Ridge Asset Management LLC Invests $159,000 in Carrols Restaurant Group (TAST)

Stone Ridge Asset Management LLC bought a new position in shares of Carrols Restaurant Group (NASDAQ:TAST) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,094 shares of the restaurant operator’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TAST. Geode Capital Management LLC grew its stake in shares of Carrols Restaurant Group by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 305,569 shares of the restaurant operator’s stock worth $3,712,000 after purchasing an additional 4,393 shares during the last quarter. Monarch Partners Asset Management LLC grew its stake in shares of Carrols Restaurant Group by 13.7% in the fourth quarter. Monarch Partners Asset Management LLC now owns 43,580 shares of the restaurant operator’s stock worth $529,000 after purchasing an additional 5,260 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Carrols Restaurant Group by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 150,651 shares of the restaurant operator’s stock worth $1,643,000 after purchasing an additional 7,887 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Carrols Restaurant Group by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 191,064 shares of the restaurant operator’s stock worth $2,322,000 after purchasing an additional 8,120 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Carrols Restaurant Group in the third quarter worth $104,000. 87.85% of the stock is currently owned by hedge funds and other institutional investors.

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Several brokerages recently weighed in on TAST. Citigroup reduced their price objective on shares of Carrols Restaurant Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, March 5th. Zacks Investment Research cut shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Dougherty & Co reissued 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, April 3rd. Finally, BidaskClub cut 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 given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.00.

Shares of Carrols Restaurant Group stock opened at $11.25 on Friday. 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 has a twelve month low of $9.90 and a twelve month high of $14.45. The firm has a market capitalization of $414.72, a P/E ratio of 56.25, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $283.97 million for the quarter, compared to analysts’ expectations of $274.59 million. Carrols Restaurant Group had a net margin of 0.66% and a return on equity of 5.58%. Carrols Restaurant Group’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. sell-side analysts predict that Carrols Restaurant Group will post 0.26 earnings per share for the current fiscal year.

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Carrols Restaurant Group Company 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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