Stifel Financial Corp purchased a new stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the restaurant operator’s stock, valued at approximately $143,000.

Several other large investors have also recently made changes to their positions in TAST. First Manhattan Co. boosted its stake in shares of Carrols Restaurant Group by 4.6% in the first quarter. First Manhattan Co. now owns 2,979,122 shares of the restaurant operator’s stock valued at $39,354,000 after buying an additional 131,550 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Carrols Restaurant Group by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,676,459 shares of the restaurant operator’s stock valued at $25,566,000 after buying an additional 84,875 shares during the last quarter. FMR LLC boosted its stake in shares of Carrols Restaurant Group by 13.2% in the fourth quarter. FMR LLC now owns 1,005,896 shares of the restaurant operator’s stock valued at $15,340,000 after buying an additional 117,316 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Carrols Restaurant Group by 31.9% in the first quarter. Eagle Asset Management Inc. now owns 716,583 shares of the restaurant operator’s stock valued at $10,139,000 after buying an additional 173,366 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Carrols Restaurant Group by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 320,081 shares of the restaurant operator’s stock valued at $4,529,000 after buying an additional 8,480 shares during the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Shares of Carrols Restaurant Group, Inc. (NASDAQ TAST) opened at 12.20 on Monday. Carrols Restaurant Group, Inc. has a 12 month low of $9.60 and a 12 month high of $17.55. The firm’s 50-day moving average price is $12.54 and its 200-day moving average price is $14.03. The company has a market cap of $431.99 million, a PE ratio of 15.29 and a beta of 0.02.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Tuesday, May 9th. The restaurant operator reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. Carrols Restaurant Group had a return on equity of 10.18% and a net margin of 3.93%. The business had revenue of $239.90 million for the quarter, compared to the consensus estimate of $236.05 million. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Carrols Restaurant Group, Inc. will post $0.30 EPS for the current fiscal year.

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A number of brokerages have issued reports on TAST. Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

About Carrols Restaurant Group

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.

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

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