Carrols Restaurant Group, Inc. (TAST) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lessened its stake in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 53.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 450,270 shares of the restaurant operator’s stock after selling 521,015 shares during the period. Eagle Asset Management Inc.’s holdings in Carrols Restaurant Group were worth $5,470,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TAST. SG Americas Securities LLC bought a new stake in Carrols Restaurant Group in the 3rd quarter worth approximately $104,000. Susquehanna International Group LLP grew its position in Carrols Restaurant Group by 165.2% in 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 during the period. Boothbay Fund Management LLC bought a new stake in Carrols Restaurant Group in the 3rd quarter worth approximately $133,000. Teacher Retirement System of Texas bought a new stake in Carrols Restaurant Group in the 4th quarter worth approximately $145,000. Finally, State Board of Administration of Florida Retirement System grew its position in Carrols Restaurant Group by 43.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 15,568 shares of the restaurant operator’s stock worth $170,000 after purchasing an additional 4,725 shares during the period. 86.95% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on TAST shares. Zacks Investment Research raised shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, December 21st. Citigroup lifted their target price on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. BidaskClub cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Finally, ValuEngine cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Carrols Restaurant Group currently has a consensus rating of “Hold” and an average target price of $15.00.

In other news, CFO Paul R. Flanders sold 2,500 shares of Carrols Restaurant Group stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $12.80, for a total transaction of $32,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Daniel T. Accordino sold 50,000 shares of Carrols Restaurant Group stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $13.06, for a total transaction of $653,000.00. Following the transaction, the chief executive officer now owns 1,147,860 shares in the company, valued at approximately $14,991,051.60. The disclosure for this sale can be found here. Insiders have sold a total of 58,900 shares of company stock worth $767,944 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Carrols Restaurant Group, Inc. (TAST) opened at $12.85 on Friday. The firm has a market cap of $464.64, a price-to-earnings ratio of 23.80, a PEG ratio of 2.68 and a beta of 0.15. Carrols Restaurant Group, Inc. has a one year low of $9.90 and a one year high of $16.89. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95.

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

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