Carrols Restaurant Group Inc. (NASDAQ:TAST)’s share price dropped 1.6% during mid-day trading on Tuesday . The stock traded as low as $12.20 and last traded at $12.34, with a volume of 318,375 shares changing hands. The stock had previously closed at $12.54.

TAST has been the subject of several recent research reports. Citigroup Inc. reiterated a “buy” rating and issued a $15.50 price objective (up previously from $15.00) on shares of Carrols Restaurant Group in a research note on Tuesday, July 5th. Zacks Investment Research cut Carrols Restaurant Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 7th.

The firm has a market capitalization of $433.29 million and a PE ratio of 50.37. The firm has a 50 day moving average of $12.15 and a 200-day moving average of $13.01.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Tuesday, May 10th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.12. The company had revenue of $222.50 million for the quarter, compared to the consensus estimate of $216.19 million. On average, equities analysts forecast that Carrols Restaurant Group Inc. will post $0.56 EPS for the current year.

A number of institutional investors recently bought and sold shares of TAST. GSA Capital Partners LLP raised its position 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 valued at $1,095,000 after buying an additional 29,186 shares during the period. Victory Capital Management Inc. raised its position 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 valued at $1,109,000 after buying an additional 12,935 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position 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 valued at $2,480,000 after buying an additional 36,497 shares during the period. Russell Frank Co raised its position in Carrols Restaurant Group by 1.8% in the fourth quarter. Russell Frank Co now owns 607,437 shares of the company’s stock valued at $7,204,000 after buying an additional 10,656 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Carrols Restaurant Group by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,554,112 shares of the company’s stock valued at $18,245,000 after buying an additional 110,831 shares during the period.

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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