Panagora Asset Management Inc. trimmed its holdings in Carrols Restaurant Group Inc (NASDAQ:TAST) by 60.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 101,439 shares of the restaurant operator’s stock after selling 157,862 shares during the quarter. Panagora Asset Management Inc.’s holdings in Carrols Restaurant Group were worth $916,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TAST. Geode Capital Management LLC raised its position in shares of Carrols Restaurant Group by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 392,064 shares of the restaurant operator’s stock worth $3,857,000 after purchasing an additional 30,439 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Carrols Restaurant Group by 331.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,779 shares of the restaurant operator’s stock valued at $96,000 after acquiring an additional 7,512 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Carrols Restaurant Group by 31.7% in the fourth quarter. Legal & General Group Plc now owns 6,502 shares of the restaurant operator’s stock valued at $64,000 after acquiring an additional 1,564 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Carrols Restaurant Group by 10.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,553 shares of the restaurant operator’s stock valued at $305,000 after acquiring an additional 2,941 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Carrols Restaurant Group by 202.2% in the first quarter. BNP Paribas Arbitrage SA now owns 7,231 shares of the restaurant operator’s stock valued at $72,000 after acquiring an additional 4,838 shares in the last quarter. Institutional investors own 71.92% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Dougherty & Co reiterated a “buy” rating and issued a $16.00 price objective on shares of Carrols Restaurant Group in a report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $13.38.

In other Carrols Restaurant Group news, Director Alexander R. Sloane bought 13,315 shares of Carrols Restaurant Group stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $7.54 per share, for a total transaction of $100,395.10. Following the completion of the acquisition, the director now owns 11,909 shares of the company’s stock, valued at approximately $89,793.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Richard G. Cross sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $8.63, for a total transaction of $125,998.00. Following the sale, the vice president now owns 185,698 shares of the company’s stock, valued at $1,602,573.74. The disclosure for this sale can be found here. Company insiders own 22.00% of the company’s stock.

NASDAQ:TAST traded down $0.06 during trading hours on Wednesday, reaching $7.28. 5,133 shares of the company’s stock were exchanged, compared to its average volume of 462,570. The company has a market capitalization of $336.34 million, a P/E ratio of 24.27 and a beta of 0.44. Carrols Restaurant Group Inc has a 12 month low of $7.04 and a 12 month high of $16.40. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 3.73. The business’s 50-day simple moving average is $8.71 and its two-hundred day simple moving average is $9.27.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Thursday, August 8th. The restaurant operator reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.07). The business had revenue of $368.56 million for the quarter, compared to the consensus estimate of $366.91 million. Carrols Restaurant Group had a positive return on equity of 0.16% and a negative net margin of 0.77%. The company’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, sell-side analysts anticipate that Carrols Restaurant Group Inc will post 0.15 earnings per share for the current fiscal year.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. 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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