Alambic Investment Management L.P. lessened its stake in shares of Carrols Restaurant Group (NASDAQ:TAST) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,347 shares of the restaurant operator’s stock after selling 13,700 shares during the period. Alambic Investment Management L.P. owned 1.02% of Carrols Restaurant Group worth $4,193,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in TAST. Millennium Management LLC grew its holdings in Carrols Restaurant Group by 679.3% during the fourth quarter. Millennium Management LLC now owns 984,561 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 858,225 shares during the last quarter. Mackay Shields LLC acquired a new position in Carrols Restaurant Group during the first quarter valued at approximately $2,613,000. Deutsche Bank AG grew its stake in shares of Carrols Restaurant Group by 476.8% in the fourth quarter. Deutsche Bank AG now owns 233,307 shares of the restaurant operator’s stock worth $2,833,000 after acquiring an additional 192,861 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Carrols Restaurant Group in the fourth quarter worth $1,796,000. Finally, Algert Global LLC acquired a new stake in shares of Carrols Restaurant Group in the first quarter worth $1,562,000. Institutional investors own 86.93% of the company’s stock.
Shares of Carrols Restaurant Group opened at $11.90 on Wednesday, MarketBeat Ratings reports. The firm has a market capitalization of $445.77 million, a PE ratio of 59.50, a P/E/G ratio of 2.32 and a beta of 0.30. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.69 and a current ratio of 0.79. Carrols Restaurant Group has a 1 year low of $11.70 and a 1 year high of $12.05.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Tuesday, May 8th. The restaurant operator reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.10. Carrols Restaurant Group had a net margin of 0.86% and a return on equity of 6.69%. The firm had revenue of $271.60 million for the quarter, compared to the consensus estimate of $262.13 million. During the same quarter in the previous year, the company earned ($0.14) earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. sell-side analysts anticipate that Carrols Restaurant Group will post 0.26 earnings per share for the current year.
TAST has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. BidaskClub downgraded shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. ValuEngine downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. Citigroup lowered 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. Finally, Dougherty & Co restated a “buy” rating on shares of Carrols Restaurant Group in a research note on Sunday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.50.
About Carrols Restaurant Group
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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