22Nw LP Decreases Holdings in Carrols Restaurant Group, Inc. (NASDAQ:TAST)

22NW LP decreased its position in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 72.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,121 shares of the restaurant operator’s stock after selling 383,164 shares during the quarter. 22NW LP owned 0.40% of Carrols Restaurant Group worth $1,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its position in Carrols Restaurant Group by 679.3% during the fourth quarter. Millennium Management LLC now owns 984,561 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 858,225 shares during the period. Bank of New York Mellon Corp raised its position in Carrols Restaurant Group by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 191,064 shares of the restaurant operator’s stock worth $2,322,000 after acquiring an additional 8,120 shares during the period. Two Sigma Advisers LP raised its position in Carrols Restaurant Group by 8.5% in the fourth quarter. Two Sigma Advisers LP now owns 179,747 shares of the restaurant operator’s stock worth $2,184,000 after acquiring an additional 14,059 shares during the period. Schwab Charles Investment Management Inc. raised its position in Carrols Restaurant Group by 7.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 162,177 shares of the restaurant operator’s stock worth $1,971,000 after acquiring an additional 11,526 shares during the period. Finally, Brown Advisory Inc. raised its position in Carrols Restaurant Group by 3.3% in the fourth quarter. Brown Advisory Inc. now owns 2,512,070 shares of the restaurant operator’s stock worth $30,522,000 after acquiring an additional 81,143 shares during the period. Hedge funds and other institutional investors own 83.75% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. SunTrust Banks started coverage on shares of Carrols Restaurant Group in a research note on Wednesday, May 23rd. They set a “buy” rating and a $16.00 target price for the company. BidaskClub cut shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Monday, February 19th. Dougherty & Co reaffirmed a “buy” rating on shares of Carrols Restaurant Group in a research note on Sunday, March 4th. Finally, ValuEngine raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.80.



Shares of TAST opened at $13.00 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.79 and a quick ratio of 0.69. Carrols Restaurant Group, Inc. has a 1-year low of $9.90 and a 1-year high of $13.57. The stock has a market cap of $469.52 million, a P/E ratio of 65.00, a P/E/G ratio of 1.89 and a beta of 0.31.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Tuesday, May 8th. The restaurant operator reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.10. Carrols Restaurant Group had a net margin of 0.86% and a return on equity of 6.69%. The firm had revenue of $271.60 million for the quarter, compared to the consensus estimate of $262.13 million. During the same quarter in the previous year, the firm earned ($0.14) EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. research analysts forecast that Carrols Restaurant Group, Inc. will post 0.34 EPS 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.

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

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