MetLife Investment Advisors LLC decreased its stake in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 30.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,458 shares of the restaurant operator’s stock after selling 7,512 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Carrols Restaurant Group were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Carrols Restaurant Group by 14.1% in the 3rd quarter. Wells Fargo & Company MN now owns 72,260 shares of the restaurant operator’s stock valued at $1,056,000 after acquiring an additional 8,913 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Carrols Restaurant Group by 212.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 122,101 shares of the restaurant operator’s stock valued at $1,783,000 after acquiring an additional 83,029 shares during the period. Martingale Asset Management L P raised its stake in shares of Carrols Restaurant Group by 25.8% in the 3rd quarter. Martingale Asset Management L P now owns 91,313 shares of the restaurant operator’s stock valued at $1,334,000 after acquiring an additional 18,700 shares during the period. BlackRock Inc. raised its stake in shares of Carrols Restaurant Group by 13.1% in the 3rd quarter. BlackRock Inc. now owns 3,279,129 shares of the restaurant operator’s stock valued at $47,876,000 after acquiring an additional 378,788 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Carrols Restaurant Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,368,846 shares of the restaurant operator’s stock valued at $34,585,000 after acquiring an additional 11,130 shares during the period. 90.18% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on TAST shares. BidaskClub downgraded shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 10th. Raymond James reduced their price target on shares of Carrols Restaurant Group from $16.50 to $13.50 and set an “outperform” rating on the stock in a research note on Tuesday, January 8th. ValuEngine raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.88.

Carrols Restaurant Group stock opened at $9.83 on Tuesday. The company has a market capitalization of $362.64 million, a PE ratio of 32.77, a P/E/G ratio of 1.72 and a beta of 0.29. Carrols Restaurant Group, Inc. has a 1 year low of $8.42 and a 1 year 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 announced its earnings results on Wednesday, February 27th. The restaurant operator reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Carrols Restaurant Group had a net margin of 0.86% and a return on equity of 7.64%. The firm had revenue of $307.75 million for the quarter, compared to the consensus estimate of $346.38 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, research analysts forecast that Carrols Restaurant Group, Inc. will post 0.29 EPS 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 December 30, 2018, it owned and operated 849 Burger King restaurants located in 18 Northeastern, Midwestern, and Southeastern 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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