Carrols Restaurant Group, Inc. (TAST) VP William E. Myers Sells 6,400 Shares

Carrols Restaurant Group, Inc. (NASDAQ:TAST) VP William E. Myers sold 6,400 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $12.96, for a total value of $82,944.00. Following the completion of the sale, the vice president now owns 77,049 shares in the company, valued at approximately $998,555.04. The transaction was disclosed in a filing with the SEC, which is available at this link.

Carrols Restaurant Group, Inc. (NASDAQ:TAST) traded down $0.30 during trading on Monday, reaching $12.95. The company’s stock had a trading volume of 203,800 shares, compared to its average volume of 258,046. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.79. Carrols Restaurant Group, Inc. has a 1-year low of $9.90 and a 1-year high of $17.55. The stock has a market cap of $468.26, a price-to-earnings ratio of 107.92, a PEG ratio of 4.86 and a beta of 0.18.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). The company had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $277.00 million. Carrols Restaurant Group had a return on equity of 4.61% and a net margin of 3.13%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. sell-side analysts forecast that Carrols Restaurant Group, Inc. will post 0.13 earnings per share for the current fiscal year.

Several equities research analysts have commented on the company. ValuEngine lowered Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Dougherty & Co lowered their price objective on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Raymond James Financial restated an “outperform” rating and issued a $15.50 price objective on shares of Carrols Restaurant Group in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. Finally, UBS lowered Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, September 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Carrols Restaurant Group currently has a consensus rating of “Buy” and an average price target of $15.33.

Several hedge funds have recently made changes to their positions in TAST. Brown Advisory Inc. raised its stake in shares of Carrols Restaurant Group by 45.0% during the 3rd quarter. Brown Advisory Inc. now owns 2,430,927 shares of the restaurant operator’s stock worth $26,497,000 after buying an additional 754,789 shares during the period. Boston Partners acquired a new position in shares of Carrols Restaurant Group during the 3rd quarter worth approximately $4,581,000. Royce & Associates LP raised its stake in shares of Carrols Restaurant Group by 74.0% during the 3rd quarter. Royce & Associates LP now owns 570,274 shares of the restaurant operator’s stock worth $6,216,000 after buying an additional 242,500 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Carrols Restaurant Group by 13.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,883 shares of the restaurant operator’s stock worth $25,185,000 after buying an additional 236,368 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in shares of Carrols Restaurant Group by 32.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 951,417 shares of the restaurant operator’s stock worth $11,654,000 after buying an additional 234,834 shares during the period. 88.48% of the stock is owned by institutional investors and hedge funds.

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About Carrols Restaurant Group

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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