Credit Suisse AG cut its holdings in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 17.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,031 shares of the restaurant operator’s stock after selling 8,172 shares during the quarter. Credit Suisse AG owned approximately 0.11% of Carrols Restaurant Group worth $570,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TAST. ClariVest Asset Management LLC bought a new stake in shares of Carrols Restaurant Group in the 3rd quarter valued at about $107,000. Macquarie Group Ltd. bought a new stake in shares of Carrols Restaurant Group in the 2nd quarter valued at about $207,000. Advisors Asset Management Inc. raised its holdings in shares of Carrols Restaurant Group by 20.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 22,211 shares of the restaurant operator’s stock valued at $214,000 after purchasing an additional 3,739 shares during the period. PEAK6 Investments L.P. bought a new stake in shares of Carrols Restaurant Group in the 2nd quarter valued at about $218,000. Finally, Bessemer Group Inc. raised its holdings in shares of Carrols Restaurant Group by 82.9% in the 3rd quarter. Bessemer Group Inc. now owns 30,000 shares of the restaurant operator’s stock valued at $438,000 after purchasing an additional 13,600 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research cut shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Raymond James dropped their target price on shares of Carrols Restaurant Group from $16.50 to $13.50 and set an “outperform” rating on the stock in a report on Tuesday. ValuEngine cut shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, Citigroup set a $14.00 target price on shares of Carrols Restaurant Group and gave the company a “buy” rating in a report on Monday, November 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.88.

Shares of TAST opened at $9.74 on Friday. Carrols Restaurant Group, Inc. has a 52 week low of $9.03 and a 52 week high of $16.40. The stock has a market capitalization of $362.83 million, a P/E ratio of 48.70, a P/E/G ratio of 1.16 and a beta of 0.56. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 1.60.

Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. Carrols Restaurant Group had a net margin of 1.06% and a return on equity of 8.62%. The business had revenue of $297.00 million for the quarter, compared to analyst estimates of $298.52 million. During the same quarter in the prior year, the business earned $0.08 EPS. Carrols Restaurant Group’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Carrols Restaurant Group, Inc. will post 0.34 earnings per share for the current year.

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Carrols Restaurant Group Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

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

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