Legato Capital Management LLC purchased a new stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,300 shares of the restaurant operator’s stock, valued at approximately $347,000. Legato Capital Management LLC owned 0.08% of Carrols Restaurant Group at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Waratah Capital Advisors Ltd. purchased a new stake in Carrols Restaurant Group during the first quarter valued at $4,579,000. Cannell Capital LLC boosted its position in Carrols Restaurant Group by 18.7% in the first quarter. Cannell Capital LLC now owns 1,132,647 shares of the restaurant operator’s stock worth $16,027,000 after buying an additional 178,430 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Carrols Restaurant Group by 31.9% in the first quarter. Eagle Asset Management Inc. now owns 716,583 shares of the restaurant operator’s stock worth $10,139,000 after buying an additional 173,366 shares during the last quarter. Monarch Partners Asset Management LLC boosted its position in Carrols Restaurant Group by 557.3% in the first quarter. Monarch Partners Asset Management LLC now owns 199,675 shares of the restaurant operator’s stock worth $2,825,000 after buying an additional 169,295 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Carrols Restaurant Group by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,819,515 shares of the restaurant operator’s stock worth $25,746,000 after buying an additional 143,056 shares during the last quarter. 84.21% of the stock is owned by institutional investors and hedge funds.
Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) opened at 10.70 on Friday. The firm has a market capitalization of $378.88 million, a price-to-earnings ratio of 13.41 and a beta of 0.02. The company’s 50-day moving average is $12.17 and its 200 day moving average is $13.54. Carrols Restaurant Group, Inc. has a 52 week low of $9.60 and a 52 week high of $17.55.
Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data 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. The company had revenue of $279.48 million for the quarter, compared to the consensus estimate of $274.90 million. Carrols Restaurant Group had a net margin of 3.93% and a return on equity of 10.18%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share. Analysts anticipate that Carrols Restaurant Group, Inc. will post $0.29 EPS for the current fiscal year.
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A number of research firms recently weighed in on TAST. Dougherty & Co lowered their price objective on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a research report on Thursday. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $17.50 price target on shares of Carrols Restaurant Group in a research report on Monday, July 24th. Zacks Investment Research raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
Carrols Restaurant Group Company Profile
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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