Mackay Shields LLC raised its holdings in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 246,916 shares of the restaurant operator’s stock after purchasing an additional 13,600 shares during the quarter. Mackay Shields LLC’s holdings in Carrols Restaurant Group were worth $3,667,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC increased its stake in Carrols Restaurant Group by 79.3% in the first quarter. Barclays PLC now owns 11,605 shares of the restaurant operator’s stock valued at $130,000 after purchasing an additional 5,131 shares during the period. GW&K Investment Management LLC increased its stake in shares of Carrols Restaurant Group by 40.7% during the first quarter. GW&K Investment Management LLC now owns 22,875 shares of the restaurant operator’s stock worth $256,000 after acquiring an additional 6,615 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Carrols Restaurant Group by 83.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,224 shares of the restaurant operator’s stock worth $249,000 after acquiring an additional 10,110 shares during the period. Wells Fargo & Company MN increased its stake in shares of Carrols Restaurant Group by 20.5% during the fourth quarter. Wells Fargo & Company MN now owns 60,033 shares of the restaurant operator’s stock worth $729,000 after acquiring an additional 10,228 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Carrols Restaurant Group during the first quarter worth about $115,000. Institutional investors own 85.19% of the company’s stock.

A number of research analysts have recently issued reports on the stock. BidaskClub lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday, August 10th. Citigroup boosted their price target on shares of Carrols Restaurant Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. SunTrust Banks assumed coverage on shares of Carrols Restaurant Group in a research note on Wednesday, May 23rd. They set a “buy” rating and a $16.00 price target on the stock. Finally, ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Carrols Restaurant Group has an average rating of “Buy” and a consensus price target of $17.63.

In related news, VP William E. Myers sold 18,300 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $15.57, for a total transaction of $284,931.00. Following the sale, the vice president now owns 87,273 shares of the company’s stock, valued at $1,358,840.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul R. Flanders sold 17,501 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $15.85, for a total transaction of $277,390.85. Following the sale, the chief financial officer now directly owns 323,312 shares in the company, valued at approximately $5,124,495.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,939 shares of company stock worth $846,544. 4.60% of the stock is owned by insiders.

Shares of Carrols Restaurant Group stock opened at $16.15 on Tuesday. Carrols Restaurant Group, Inc. has a 52-week low of $9.90 and a 52-week high of $16.35. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 1.66. The stock has a market cap of $588.28 million, a PE ratio of 80.75, a PEG ratio of 2.25 and a beta of 0.34.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings results on Tuesday, August 7th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $303.05 million for the quarter, compared to analyst estimates of $301.21 million. Carrols Restaurant Group had a net margin of 1.00% and a return on equity of 8.53%. equities analysts anticipate that Carrols Restaurant Group, Inc. will post 0.36 earnings per share for the current fiscal year.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King. As of December 31, 2017, it owned and operated 807 Burger King restaurants located in 17 states of the United 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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