Victory Capital Management Inc. lifted its holdings in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,836 shares of the restaurant operator’s stock after buying an additional 1,950 shares during the quarter. Victory Capital Management Inc.’s holdings in Carrols Restaurant Group were worth $1,760,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Quantamental Technologies LLC purchased a new stake in shares of Carrols Restaurant Group in the fourth quarter valued at approximately $31,000. ClariVest Asset Management LLC purchased a new stake in Carrols Restaurant Group during the third quarter worth $107,000. MetLife Investment Advisors LLC boosted its position in Carrols Restaurant Group by 43.0% during the third quarter. MetLife Investment Advisors LLC now owns 24,970 shares of the restaurant operator’s stock worth $365,000 after purchasing an additional 7,512 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in Carrols Restaurant Group during the third quarter worth $115,000. Finally, Wells Fargo & Company MN boosted its position in Carrols Restaurant Group by 14.1% during the third quarter. Wells Fargo & Company MN now owns 72,260 shares of the restaurant operator’s stock worth $1,056,000 after purchasing an additional 8,913 shares in the last quarter. Hedge funds and other institutional investors own 87.04% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research downgraded Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. BidaskClub upgraded Carrols Restaurant Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 22nd. Citigroup set a $14.00 target price on Carrols Restaurant Group and gave the stock a “buy” rating in a research report on Monday, November 12th. Finally, ValuEngine downgraded Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.88.
TAST opened at $10.79 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 1.60. The firm has a market cap of $394.27 million, a price-to-earnings ratio of 35.97, a PEG ratio of 1.44 and a beta of 0.31. Carrols Restaurant Group, Inc. has a one year low of $8.42 and a one year high of $16.40.
Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, February 27th. The restaurant operator reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The firm had revenue of $307.75 million for the quarter, compared to analysts’ expectations of $346.38 million. Carrols Restaurant Group had a return on equity of 8.62% and a net margin of 1.06%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities analysts anticipate that Carrols Restaurant Group, Inc. will post 0.39 earnings per share for the current year.
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Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.
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