BNP Paribas Arbitrage SA raised its stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 179.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,547 shares of the restaurant operator’s stock after buying an additional 5,485 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Carrols Restaurant Group were worth $105,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Carrols Restaurant Group by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,819,515 shares of the restaurant operator’s stock worth $25,746,000 after buying an additional 143,056 shares during the period. Cannell Capital LLC grew its position in shares of Carrols Restaurant Group by 18.7% during the 1st quarter. Cannell Capital LLC now owns 1,132,647 shares of the restaurant operator’s stock worth $16,027,000 after buying an additional 178,430 shares during the period. Hartford Investment Management Co. grew its position in shares of Carrols Restaurant Group by 11.9% during the 2nd quarter. Hartford Investment Management Co. now owns 653,994 shares of the restaurant operator’s stock worth $8,011,000 after buying an additional 69,720 shares during the period. Russell Investments Group Ltd. grew its position in shares of Carrols Restaurant Group by 2.7% during the 1st quarter. Russell Investments Group Ltd. now owns 320,081 shares of the restaurant operator’s stock worth $4,529,000 after buying an additional 8,480 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Carrols Restaurant Group by 8.0% during the 1st quarter. Geode Capital Management LLC now owns 295,352 shares of the restaurant operator’s stock worth $4,179,000 after buying an additional 21,949 shares during the period. Institutional investors own 86.75% of the company’s stock.

Carrols Restaurant Group, Inc. (NASDAQ TAST) opened at 10.90 on Friday. The company has a market cap of $386.15 million, a PE ratio of 14.57 and a beta of 0.04. Carrols Restaurant Group, Inc. has a 12-month low of $9.60 and a 12-month high of $17.55. The stock’s 50 day moving average price is $11.30 and its 200 day moving average price is $12.66.

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

TAST has been the subject of several analyst reports. Zacks Investment Research upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Raymond James Financial, Inc. reiterated a “strong-buy” rating and set a $17.50 price objective on shares of Carrols Restaurant Group in a report on Monday, July 24th. UBS AG cut Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, September 26th. ValuEngine upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Dougherty & Co cut their price objective on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock 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 assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $16.00.

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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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