Carrols Restaurant Group (TAST) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Carrols Restaurant Group (NASDAQ:TAST) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 191,064 shares of the restaurant operator’s stock after purchasing an additional 8,120 shares during the quarter. Bank of New York Mellon Corp owned 0.53% of Carrols Restaurant Group worth $2,322,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TAST. Dimensional Fund Advisors LP increased its position in Carrols Restaurant Group by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,187,556 shares of the restaurant operator’s stock worth $23,845,000 after purchasing an additional 131,673 shares in the last quarter. Alambic Investment Management L.P. increased its position in Carrols Restaurant Group by 34.3% during the 4th quarter. Alambic Investment Management L.P. now owns 388,047 shares of the restaurant operator’s stock worth $4,715,000 after purchasing an additional 99,147 shares in the last quarter. Susquehanna International Group LLP increased its position in Carrols Restaurant Group by 165.2% during the 3rd quarter. Susquehanna International Group LLP now owns 10,794 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 27,358 shares in the last quarter. Kovack Advisors Inc. acquired a new stake in Carrols Restaurant Group during the 4th quarter worth approximately $189,000. Finally, Victory Capital Management Inc. increased its position in Carrols Restaurant Group by 8.0% during the 4th quarter. Victory Capital Management Inc. now owns 186,438 shares of the restaurant operator’s stock worth $2,265,000 after purchasing an additional 13,887 shares in the last quarter. 87.85% of the stock is owned by hedge funds and other institutional investors.

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Shares of NASDAQ:TAST opened at $10.90 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.64. Carrols Restaurant Group has a 52-week low of $9.90 and a 52-week high of $14.45. The company has a market capitalization of $400.10, a price-to-earnings ratio of 54.50, a PEG ratio of 2.11 and a beta of 0.26.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. Carrols Restaurant Group had a net margin of 0.66% and a return on equity of 5.58%. The company had revenue of $283.97 million during the quarter, compared to the consensus estimate of $274.59 million. During the same quarter last year, the company earned $0.04 earnings per share. Carrols Restaurant Group’s revenue for the quarter was up 17.9% on a year-over-year basis. analysts anticipate that Carrols Restaurant Group will post 0.26 EPS for the current fiscal year.

TAST has been the subject of several recent research reports. Zacks Investment Research raised shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, December 21st. BidaskClub downgraded shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Monday, February 19th. Dougherty & Co reaffirmed a “buy” rating on shares of Carrols Restaurant Group in a research report on Sunday, March 4th. Citigroup lowered their price objective on shares of Carrols Restaurant Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 5th. Finally, ValuEngine downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Carrols Restaurant Group has a consensus rating of “Hold” and a consensus price target of $15.00.

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Carrols Restaurant Group 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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