Carrols Restaurant Group Inc. (NASDAQ:TAST) shares fell 3.1% on Tuesday . The stock traded as low as $12.27 and last traded at $12.34, with a volume of 157,308 shares trading hands. The stock had previously closed at $12.73.

Several brokerages have recently weighed in on TAST. Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Friday, May 13th. Citigroup Inc. restated a “buy” rating and issued a $15.50 target price (up from $15.00) on shares of Carrols Restaurant Group in a research note on Tuesday, July 5th.

The company has a market cap of $430.13 million and a PE ratio of 50.00. The stock’s 50 day moving average is $12.20 and its 200-day moving average is $13.05.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Tuesday, May 10th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm earned $222.50 million during the quarter, compared to the consensus estimate of $216.19 million. Equities analysts predict that Carrols Restaurant Group Inc. will post $0.55 EPS for the current fiscal year.

Other institutional investors recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of 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 worth $18,245,000 after buying an additional 110,831 shares during the period. Victory Capital Management Inc. increased its position in shares of 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 period. Cornerstone Capital Management Holdings LLC. increased its position in shares of 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 period. GSA Capital Partners LLP increased its position in shares of 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 period. Finally, Russell Frank Co increased its position in shares of 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 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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