Alliancebernstein L.P. reduced its position in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 10.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 33,200 shares of the restaurant operator’s stock after selling 3,800 shares during the period. Alliancebernstein L.P.’s holdings in Carrols Restaurant Group were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Markston International LLC boosted its position in shares of Carrols Restaurant Group by 129.0% in the first quarter. Markston International LLC now owns 7,100 shares of the restaurant operator’s stock worth $100,000 after buying an additional 4,000 shares during the period. Stifel Financial Corp purchased a new position in shares of Carrols Restaurant Group during the first quarter worth about $143,000. GW&K Investment Management LLC purchased a new position in shares of Carrols Restaurant Group during the first quarter worth about $149,000. Nine Chapters Capital Management LLC purchased a new position in shares of Carrols Restaurant Group during the first quarter worth about $167,000. Finally, Karp Capital Management Corp purchased a new position in shares of Carrols Restaurant Group during the first quarter worth about $173,000. 84.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Carrols Restaurant Group, Inc. (NASDAQ TAST) opened at 11.05 on Thursday. The company has a market cap of $391.27 million, a PE ratio of 13.85 and a beta of 0.02. Carrols Restaurant Group, Inc. has a 1-year low of $9.60 and a 1-year high of $17.55. The firm’s 50 day moving average is $12.21 and its 200-day moving average is $13.56.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.06. Carrols Restaurant Group had a return on equity of 10.18% and a net margin of 3.93%. The firm had revenue of $279.48 million during the quarter, compared to analysts’ expectations of $274.90 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts expect that Carrols Restaurant Group, Inc. will post $0.29 earnings per share for the current year.

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TAST has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. ValuEngine raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $17.50 target price on shares of Carrols Restaurant Group in a research note on Monday, July 24th.

Carrols Restaurant Group Company Profile

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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