First Manhattan Co. Has $30.92 Million Position in Carrols Restaurant Group, Inc. (NASDAQ:TAST)

First Manhattan Co. decreased its stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,523,858 shares of the restaurant operator’s stock after selling 78,914 shares during the period. First Manhattan Co. owned about 7.13% of Carrols Restaurant Group worth $30,917,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Carrols Restaurant Group by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 25,414 shares of the restaurant operator’s stock worth $360,000 after buying an additional 543 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Carrols Restaurant Group by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 53,100 shares of the restaurant operator’s stock worth $751,000 after buying an additional 631 shares during the period. Bank of America Corp DE boosted its stake in shares of Carrols Restaurant Group by 0.3% in the first quarter. Bank of America Corp DE now owns 231,485 shares of the restaurant operator’s stock worth $3,275,000 after buying an additional 649 shares during the period. Aperio Group LLC boosted its stake in shares of Carrols Restaurant Group by 9.2% in the second quarter. Aperio Group LLC now owns 13,343 shares of the restaurant operator’s stock worth $163,000 after buying an additional 1,128 shares during the period. Finally, Worth Venture Partners LLC boosted its stake in shares of Carrols Restaurant Group by 11.2% in the first quarter. Worth Venture Partners LLC now owns 13,305 shares of the restaurant operator’s stock worth $188,000 after buying an additional 1,340 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

Carrols Restaurant Group, Inc. (TAST) opened at 11.15 on Friday. Carrols Restaurant Group, Inc. has a 52-week low of $9.60 and a 52-week high of $17.55. The company has a market capitalization of $395.01 million, a P/E ratio of 14.91 and a beta of 0.02. The firm has a 50-day moving average of $12.01 and a 200 day moving average of $13.39.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by $0.05. The business had revenue of $279.48 million during the quarter, compared to analysts’ expectations of $274.90 million. Carrols Restaurant Group had a net margin of 3.44% and a return on equity of 6.33%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. Equities analysts predict that Carrols Restaurant Group, Inc. will post $0.21 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on TAST. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $17.50 price objective on shares of Carrols Restaurant Group in a report on Monday, July 24th. Zacks Investment Research cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday. Dougherty & Co cut their price target on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.

Carrols Restaurant Group Company 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.

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

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