Shares of Carrols Restaurant Group Inc. (NASDAQ:TAST) dropped 1.9% on Wednesday . The stock traded as low as $11.98 and last traded at $12.09, with a volume of 128,586 shares trading hands. The stock had previously closed at $12.33.

TAST has been the topic of several recent research reports. Citigroup Inc. reiterated a “buy” rating and set a $15.50 target price (up from $15.00) on shares of Carrols Restaurant Group in a research report on Tuesday. Zacks Investment Research lowered shares of Carrols Restaurant Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 7th.

The stock has a market cap of $424.17 million and a PE ratio of 49.31. The company’s 50-day moving average price is $12.16 and its 200-day moving average price is $12.99.

Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $216.19 million. Equities research analysts predict that Carrols Restaurant Group Inc. will post $0.56 EPS for the current year.

Several large investors recently bought and sold shares of TAST. Russell Frank Co increased its stake in Carrols Restaurant Group by 1.8% in the fourth quarter. Russell Frank Co now owns 607,437 shares of the company’s stock worth $7,204,000 after buying an additional 10,656 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in Carrols Restaurant Group during the fourth quarter worth $1,022,000. GSA Capital Partners LLP increased its stake in Carrols Restaurant Group by 45.6% in the fourth quarter. GSA Capital Partners LLP now owns 93,252 shares of the company’s stock worth $1,095,000 after buying an additional 29,186 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Carrols Restaurant Group by 20.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 211,247 shares of the company’s stock worth $2,480,000 after buying an additional 36,497 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Carrols Restaurant Group by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 94,443 shares of the company’s stock worth $1,109,000 after buying an additional 12,935 shares during the last quarter.

Carrols Restaurant Group, Inc is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name.

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