Alliancebernstein L.P. grew its holdings in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 9.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,400 shares of the restaurant operator’s stock after purchasing an additional 3,200 shares during the period. Alliancebernstein L.P. owned about 0.10% of Carrols Restaurant Group worth $446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of Carrols Restaurant Group by 1.7% in the second quarter. Wells Fargo & Company MN now owns 37,703 shares of the restaurant operator’s stock valued at $462,000 after purchasing an additional 618 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Carrols Restaurant Group by 32.8% in the second quarter. Eagle Asset Management Inc. now owns 951,417 shares of the restaurant operator’s stock valued at $11,654,000 after purchasing an additional 234,834 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Carrols Restaurant Group by 37.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,300 shares of the restaurant operator’s stock valued at $616,000 after purchasing an additional 13,746 shares during the last quarter. Markston International LLC raised its holdings in shares of Carrols Restaurant Group by 272.3% in the second quarter. Markston International LLC now owns 26,430 shares of the restaurant operator’s stock valued at $324,000 after purchasing an additional 19,330 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Carrols Restaurant Group by 147.8% in the second quarter. Royce & Associates LP now owns 327,774 shares of the restaurant operator’s stock valued at $4,015,000 after purchasing an additional 195,500 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.

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A number of analysts have recently issued reports on TAST shares. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $17.50 price objective on shares of Carrols Restaurant Group in a report on Monday, July 24th. Dougherty & Co lowered their price objective on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a report on Thursday, August 10th. ValuEngine downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, UBS AG downgraded 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 assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.50.

Carrols Restaurant Group, Inc. (TAST) opened at $10.95 on Monday. The firm has a market cap of $395.94, a price-to-earnings ratio of 64.41, a P/E/G ratio of 4.32 and a beta of 0.11. Carrols Restaurant Group, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $17.55. The company has a current ratio of 0.95, a quick ratio of 0.83 and a debt-to-equity ratio of 1.83.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.05). The firm had revenue of $279.48 million for the quarter, compared to analyst estimates of $274.90 million. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. Carrols Restaurant Group’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. analysts anticipate that Carrols Restaurant Group, Inc. will post 0.13 EPS for the current year.

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.

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

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