Carrols Restaurant Group, Inc. (TAST) Position Lowered by Formula Growth Ltd.

Formula Growth Ltd. lessened its holdings in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,030 shares of the restaurant operator’s stock after selling 10,000 shares during the quarter. Formula Growth Ltd. owned approximately 0.28% of Carrols Restaurant Group worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in TAST. BNP Paribas Arbitrage SA raised its holdings in shares of Carrols Restaurant Group by 179.1% during the second quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 5,485 shares in the last quarter. IHT Wealth Management LLC bought a new position in shares of Carrols Restaurant Group during the first quarter valued at approximately $109,000. Stifel Financial Corp bought a new position in shares of Carrols Restaurant Group during the first quarter valued at approximately $143,000. Aperio Group LLC raised its holdings in shares of Carrols Restaurant Group by 9.2% during the second quarter. Aperio Group LLC now owns 13,343 shares of the restaurant operator’s stock valued at $163,000 after acquiring an additional 1,128 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Carrols Restaurant Group during the first quarter valued at approximately $173,000. Institutional investors own 86.75% of the company’s stock.

Carrols Restaurant Group, Inc. (NASDAQ:TAST) opened at 11.65 on Friday. The stock has a 50 day moving average price of $11.30 and a 200 day moving average price of $12.66. Carrols Restaurant Group, Inc. has a 1-year low of $9.60 and a 1-year high of $17.55. The company has a market cap of $412.72 million, a P/E ratio of 15.57 and a beta of 0.04.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The business had revenue of $279.48 million during the quarter, compared to analysts’ expectations of $274.90 million. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, equities research analysts anticipate that Carrols Restaurant Group, Inc. will post $0.21 EPS for the current fiscal year.

A number of equities analysts recently commented on TAST shares. Dougherty & Co decreased their target price on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a report on Thursday, August 10th. Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $17.50 target price on shares of Carrols Restaurant Group in a research note on Monday, July 24th.

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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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Institutional Ownership by Quarter for Carrols Restaurant Group (NASDAQ:TAST)

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