Boston Partners lessened its position in Carrols Restaurant Group Inc (NASDAQ:TAST) by 53.5% in the third quarter, HoldingsChannel.com reports. The fund owned 204,615 shares of the restaurant operator’s stock after selling 235,088 shares during the period. Boston Partners’ holdings in Carrols Restaurant Group were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Carrols Restaurant Group in the 2nd quarter valued at about $27,000. Tower Research Capital LLC TRC grew its position in shares of Carrols Restaurant Group by 354.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,284 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 2,561 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Carrols Restaurant Group in the 3rd quarter valued at about $82,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Carrols Restaurant Group in the 2nd quarter valued at about $90,000. Finally, Ardsley Advisory Partners LP bought a new position in shares of Carrols Restaurant Group in the 2nd quarter valued at about $91,000. 63.46% of the stock is owned by institutional investors.
NASDAQ TAST opened at $7.84 on Tuesday. The firm has a 50-day moving average of $7.57 and a 200-day moving average of $8.14. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.20 and a current ratio of 0.29. The stock has a market cap of $410.63 million, a PE ratio of 26.13 and a beta of 0.55. Carrols Restaurant Group Inc has a 52-week low of $6.23 and a 52-week high of $11.56.
Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Thursday, November 7th. The restaurant operator reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.19). The company had revenue of $398.40 million for the quarter, compared to analyst estimates of $400.92 million. Carrols Restaurant Group had a negative return on equity of 3.00% and a negative net margin of 1.48%. The business’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. As a group, analysts predict that Carrols Restaurant Group Inc will post -0.15 EPS for the current fiscal year.
TAST has been the subject of a number of analyst reports. Craig Hallum initiated coverage on shares of Carrols Restaurant Group in a research report on Wednesday, November 27th. They issued a “buy” rating and a $11.00 price objective for the company. Deutsche Bank began coverage on shares of Carrols Restaurant Group in a research report on Wednesday, September 4th. They issued a “buy” rating and a $9.00 price objective for the company. Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd. BidaskClub upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Raymond James cut their target price on shares of Carrols Restaurant Group from $11.00 to $9.50 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.10.
Carrols Restaurant Group Profile
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.
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