Goldman Sachs Group Inc. reduced its stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 8.0% during the first quarter, Holdings Channel reports. The fund owned 60,650 shares of the restaurant operator’s stock after selling 5,300 shares during the period. Goldman Sachs Group Inc.’s holdings in Carrols Restaurant Group were worth $858,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TAST. IHT Wealth Management LLC bought a new stake in shares of Carrols Restaurant Group during the first quarter valued at $109,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Carrols Restaurant Group by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 25,414 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 543 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Carrols Restaurant Group by 0.3% in the first quarter. Bank of America Corp DE now owns 231,485 shares of the restaurant operator’s stock valued at $3,275,000 after buying an additional 649 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Carrols Restaurant Group during the first quarter valued at $1,231,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Carrols Restaurant Group by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 127,109 shares of the restaurant operator’s stock valued at $1,799,000 after buying an additional 7,695 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Carrols Restaurant Group, Inc. (NASDAQ TAST) remained flat at $11.55 during trading on Tuesday. 51,564 shares of the company traded hands. The stock has a 50 day moving average price of $12.12 and a 200 day moving average price of $13.47. Carrols Restaurant Group, Inc. has a 12-month low of $9.60 and a 12-month high of $17.55. The stock has a market capitalization of $409.18 million, a PE ratio of 15.44 and a beta of 0.02.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $274.90 million. During the same period in the prior year, the business posted $0.18 earnings per share. Carrols Restaurant Group’s revenue was up 15.8% on a year-over-year basis. Analysts forecast that Carrols Restaurant Group, Inc. will post $0.24 EPS for the current fiscal year.

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TAST has been the topic of several research analyst reports. Zacks Investment Research cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday. Dougherty & Co reduced their target price on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $17.50 target price on shares of Carrols Restaurant Group in a research note on Monday, July 24th.

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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