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.
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.
WARNING: This story was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://weekherald.com/2018/02/23/carrols-restaurant-group-inc-tast-shares-sold-by-eagle-asset-management-inc.html.
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.
Want to see what other hedge funds are holding TAST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrols Restaurant Group, Inc. (NASDAQ:TAST).
Receive News & Ratings for Carrols Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.