Raymond James & Associates decreased its position in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 8.5% during the 4th quarter, Holdings Channel reports. The firm owned 47,585 shares of the restaurant operator’s stock after selling 4,408 shares during the period. Raymond James & Associates’ holdings in Carrols Restaurant Group were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in Carrols Restaurant Group by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 178,836 shares of the restaurant operator’s stock valued at $1,760,000 after acquiring an additional 1,950 shares during the period. Eagle Asset Management Inc. raised its holdings in Carrols Restaurant Group by 1.0% during the 4th quarter. Eagle Asset Management Inc. now owns 226,123 shares of the restaurant operator’s stock valued at $2,225,000 after acquiring an additional 2,159 shares during the period. Quantamental Technologies LLC bought a new stake in Carrols Restaurant Group during the 4th quarter valued at $31,000. MetLife Investment Advisors LLC raised its holdings in Carrols Restaurant Group by 43.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 24,970 shares of the restaurant operator’s stock valued at $365,000 after acquiring an additional 7,512 shares during the period. Finally, Worth Venture Partners LLC bought a new stake in Carrols Restaurant Group during the 3rd quarter valued at $115,000. Institutional investors and hedge funds own 90.18% of the company’s stock.

A number of brokerages have issued reports on TAST. Zacks Investment Research cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. BidaskClub raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Raymond James lowered their target price on shares of Carrols Restaurant Group from $16.50 to $13.50 and set an “outperform” rating on the stock in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Carrols Restaurant Group has an average rating of “Hold” and a consensus target price of $15.88.

Carrols Restaurant Group stock opened at $9.74 on Wednesday. The firm has a market capitalization of $360.38 million, a PE ratio of 32.47, a PEG ratio of 1.79 and a beta of 0.30. Carrols Restaurant Group, Inc. has a fifty-two week low of $8.42 and a fifty-two week high of $16.40. The company has a current ratio of 0.42, a quick ratio of 0.30 and a debt-to-equity ratio of 1.56.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings results on Wednesday, February 27th. The restaurant operator reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $307.75 million during the quarter, compared to the consensus estimate of $346.38 million. Carrols Restaurant Group had a return on equity of 7.64% and a net margin of 0.86%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. As a group, sell-side analysts anticipate that Carrols Restaurant Group, Inc. will post 0.28 earnings per share for the current year.

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Carrols Restaurant Group Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

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

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