New York State Common Retirement Fund Has $434,000 Holdings in Carrols Restaurant Group, Inc. (TAST)

New York State Common Retirement Fund trimmed its holdings in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 0.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,400 shares of the restaurant operator’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Carrols Restaurant Group worth $434,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Nationwide Fund Advisors increased its position in Carrols Restaurant Group by 11.1% during the second quarter. Nationwide Fund Advisors now owns 22,511 shares of the restaurant operator’s stock worth $276,000 after buying an additional 2,252 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Carrols Restaurant Group by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 194,142 shares of the restaurant operator’s stock valued at $2,378,000 after acquiring an additional 590 shares during the period. Alliancebernstein L.P. boosted its holdings in Carrols Restaurant Group by 9.6% during the second quarter. Alliancebernstein L.P. now owns 36,400 shares of the restaurant operator’s stock valued at $446,000 after acquiring an additional 3,200 shares during the period. Wells Fargo & Company MN boosted its holdings in Carrols Restaurant Group by 1.7% during the second quarter. Wells Fargo & Company MN now owns 37,703 shares of the restaurant operator’s stock valued at $462,000 after acquiring an additional 618 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in Carrols Restaurant Group by 32.8% during the second quarter. Eagle Asset Management Inc. now owns 951,417 shares of the restaurant operator’s stock valued at $11,654,000 after acquiring an additional 234,834 shares during the period. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Carrols Restaurant Group, Inc. (TAST) opened at $11.80 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.95 and a quick ratio of 0.85. Carrols Restaurant Group, Inc. has a one year low of $9.90 and a one year high of $17.55. The firm has a market cap of $406.79, a PE ratio of 93.75, a P/E/G ratio of 4.33 and a beta of 0.11.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.61%. The company had revenue of $258.24 million during the quarter, compared to the consensus estimate of $277.00 million. During the same quarter in the previous year, the business posted $0.13 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. research analysts forecast that Carrols Restaurant Group, Inc. will post 0.13 EPS for the current year.

TAST has been the subject of a number of recent analyst reports. Raymond James Financial, Inc. restated a “strong-buy” rating and set a $17.50 price target on shares of Carrols Restaurant Group in a report on Monday, July 24th. Dougherty & Co decreased their price target on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a report on Thursday, August 10th. ValuEngine cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, UBS AG cut shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, September 26th. One research 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.50.

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Carrols Restaurant Group Profile

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.

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

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