Nationwide Fund Advisors Acquires 2,252 Shares of Carrols Restaurant Group, Inc. (TAST)

Nationwide Fund Advisors boosted its holdings in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 11.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,511 shares of the restaurant operator’s stock after buying an additional 2,252 shares during the period. Nationwide Fund Advisors owned about 0.06% of Carrols Restaurant Group worth $276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in Carrols Restaurant Group by 179.1% during the second quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock worth $105,000 after buying an additional 5,485 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Carrols Restaurant Group by 9.2% during the second quarter. Aperio Group LLC now owns 13,343 shares of the restaurant operator’s stock valued at $163,000 after acquiring an additional 1,128 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of Carrols Restaurant Group by 33.8% during the second quarter. GW&K Investment Management LLC now owns 14,100 shares of the restaurant operator’s stock valued at $173,000 after acquiring an additional 3,560 shares during the period. American International Group Inc. lifted its holdings in shares of Carrols Restaurant Group by 7.1% during the first quarter. American International Group Inc. now owns 21,149 shares of the restaurant operator’s stock valued at $299,000 after acquiring an additional 1,398 shares during the period. Finally, Markston International LLC lifted its holdings in shares of Carrols Restaurant Group by 272.3% during the second quarter. Markston International LLC now owns 26,430 shares of the restaurant operator’s stock valued at $324,000 after acquiring an additional 19,330 shares during the period. Hedge funds and other institutional investors own 86.75% of the company’s stock.

Carrols Restaurant Group, Inc. (NASDAQ:TAST) opened at $10.90 on Friday. The stock has a market capitalization of $394.13, a price-to-earnings ratio of 90.83, a price-to-earnings-growth ratio of 4.30 and a beta of 0.11. Carrols Restaurant Group, Inc. has a twelve month low of $9.90 and a twelve month high of $17.55. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.83 and a current ratio of 0.95.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.67%. The company had revenue of $258.24 million for the quarter, compared to the consensus estimate of $277.00 million. During the same period in the previous year, the business posted $0.13 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. equities research analysts anticipate that Carrols Restaurant Group, Inc. will post 0.13 EPS for the current year.

A number of brokerages have issued reports on TAST. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $17.50 price objective on shares of Carrols Restaurant Group in a report on Monday, July 24th. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. UBS AG cut Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, September 26th. Zacks Investment Research cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, Dougherty & Co cut their price objective on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.50.

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About Carrols Restaurant Group

Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.

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

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