Connor Clark & Lunn Investment Management Ltd. raised its stake in Carrols Restaurant Group Inc (NASDAQ:TAST) by 41.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,023 shares of the restaurant operator’s stock after acquiring an additional 10,010 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Carrols Restaurant Group were worth $339,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Brown Advisory Inc. lifted its holdings in shares of Carrols Restaurant Group by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 2,202,867 shares of the restaurant operator’s stock worth $21,676,000 after acquiring an additional 13,176 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Carrols Restaurant Group by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,607,721 shares of the restaurant operator’s stock worth $23,473,000 after acquiring an additional 38,160 shares during the last quarter. Cannell Capital LLC lifted its holdings in shares of Carrols Restaurant Group by 8.1% in the fourth quarter. Cannell Capital LLC now owns 1,384,745 shares of the restaurant operator’s stock worth $13,626,000 after acquiring an additional 103,530 shares during the last quarter. Half Sky Capital UK Ltd bought a new position in shares of Carrols Restaurant Group in the fourth quarter worth about $11,208,000. Finally, Portolan Capital Management LLC lifted its holdings in shares of Carrols Restaurant Group by 51.5% in the fourth quarter. Portolan Capital Management LLC now owns 1,102,091 shares of the restaurant operator’s stock worth $10,845,000 after acquiring an additional 374,577 shares during the last quarter. 72.72% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on TAST shares. ValuEngine raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research downgraded Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Finally, BidaskClub raised Carrols Restaurant Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Carrols Restaurant Group currently has a consensus rating of “Hold” and a consensus target price of $14.50.

Carrols Restaurant Group stock opened at $8.52 on Monday. Carrols Restaurant Group Inc has a 1 year low of $8.16 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.29 and a quick ratio of 0.21. The company has a market capitalization of $374.50 million, a PE ratio of 28.40, a PEG ratio of 1.85 and a beta of 0.27.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.13). Carrols Restaurant Group had a net margin of 0.15% and a return on equity of 3.29%. The firm had revenue of $290.80 million during the quarter, compared to analyst estimates of $292.51 million. During the same period in the prior year, the company earned ($0.08) EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts predict that Carrols Restaurant Group Inc will post 0.23 EPS for the current fiscal year.

In other news, Director Alexander R. Sloane acquired 11,709 shares of the stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $8.56 per share, with a total value of $100,229.04. Following the completion of the purchase, the director now directly owns 5,258 shares of the company’s stock, valued at approximately $45,008.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.60% of the company’s stock.

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About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. 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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