Dimensional Fund Advisors LP Has $25.75 Million Stake in Carrols Restaurant Group, Inc. (TAST)
Dimensional Fund Advisors LP raised its position in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,819,515 shares of the restaurant operator’s stock after buying an additional 143,056 shares during the period. Dimensional Fund Advisors LP owned 5.16% of Carrols Restaurant Group worth $25,746,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Markston International LLC raised its position in Carrols Restaurant Group by 129.0% in the first quarter. Markston International LLC now owns 7,100 shares of the restaurant operator’s stock worth $100,000 after buying an additional 4,000 shares during the period. Stifel Financial Corp purchased a new position in Carrols Restaurant Group during the first quarter valued at approximately $143,000. GW&K Investment Management LLC acquired a new stake in Carrols Restaurant Group during the first quarter valued at $149,000. Nine Chapters Capital Management LLC acquired a new stake in Carrols Restaurant Group during the first quarter valued at $167,000. Finally, Karp Capital Management Corp acquired a new stake in Carrols Restaurant Group during the first quarter valued at $173,000. 85.00% of the stock is owned by hedge funds and other institutional investors.
Carrols Restaurant Group, Inc. (TAST) remained flat at $11.40 during mid-day trading on Thursday. 113,067 shares of the stock traded hands. The stock has a market cap of $403.87 million, a P/E ratio of 15.24 and a beta of 0.02. The company has a 50-day moving average price of $12.07 and a 200-day moving average price of $13.43. 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 released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.05. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The company had revenue of $279.48 million during the quarter, compared to analyst estimates of $274.90 million. During the same period last year, the firm earned $0.18 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. Equities analysts anticipate that Carrols Restaurant Group, Inc. will post $0.24 earnings per share for the current fiscal year.
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Several research firms recently weighed in on TAST. ValuEngine downgraded Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Dougherty & Co decreased their price objective 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 upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $17.50 price objective on shares of Carrols Restaurant Group in a report on Monday, July 24th.
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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