Shares of Carrols Restaurant Group Inc. (NASDAQ:TAST) traded down 1.4% on Monday . The stock traded as low as $12.82 and last traded at $12.89, with a volume of 251,264 shares changing hands. The stock had previously closed at $13.07.

Several analysts have weighed in on the company. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday. Citigroup Inc. reissued a “buy” rating and issued a $15.50 target price (up previously from $15.00) on shares of Carrols Restaurant Group in a report on Tuesday, July 5th.

The company’s 50 day moving average price is $13.17 and its 200-day moving average price is $13.10. The company has a market cap of $445.71 million, a price-to-earnings ratio of 24.59 and a beta of -0.08.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Carrols Restaurant Group had a return on equity of 26.41% and a net margin of 2.83%. The business earned $241.40 million during the quarter, compared to analyst estimates of $244.61 million. On average, equities research analysts expect that Carrols Restaurant Group Inc. will post $0.59 EPS for the current year.

In related news, VP Timothy Lalonde sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $13.61, for a total transaction of $54,440.00. Following the completion of the transaction, the vice president now owns 96,053 shares in the company, valued at approximately $1,307,281.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in Carrols Restaurant Group by 34.4% in the first quarter. Legal & General Group Plc now owns 7,062 shares of the company’s stock worth $102,000 after buying an additional 1,807 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Carrols Restaurant Group during the second quarter valued at $123,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Carrols Restaurant Group during the second quarter valued at $149,000. Moors & Cabot Inc. increased its stake in shares of Carrols Restaurant Group by 12.6% in the second quarter. Moors & Cabot Inc. now owns 12,841 shares of the company’s stock valued at $154,000 after buying an additional 1,441 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Carrols Restaurant Group during the first quarter valued at $187,000. Institutional investors and hedge funds own 82.61% of the company’s stock.

About Carrols Restaurant Group

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.

5 Day Chart for NASDAQ:TAST

Receive News & Ratings for Carrols Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.