Cambridge Investment Research Advisors Inc. boosted its position in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 37.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,300 shares of the restaurant operator’s stock after buying an additional 13,746 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.14% of Carrols Restaurant Group worth $616,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IHT Wealth Management LLC acquired a new position in Carrols Restaurant Group during the 1st quarter worth $109,000. BNP Paribas Arbitrage SA lifted its holdings in Carrols Restaurant Group by 179.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock worth $105,000 after buying an additional 5,485 shares in the last quarter. Stifel Financial Corp acquired a new position in Carrols Restaurant Group during the 1st quarter worth $143,000. Nine Chapters Capital Management LLC acquired a new position in Carrols Restaurant Group during the 1st quarter worth $167,000. Finally, Karp Capital Management Corp acquired a new position in Carrols Restaurant Group during the 1st quarter worth $173,000. 86.75% of the stock is currently owned by hedge funds and other institutional investors.

Carrols Restaurant Group, Inc. (TAST) opened at 10.80 on Friday. The firm has a market cap of $382.61 million, a P/E ratio of 14.44 and a beta of 0.04. The firm’s 50-day moving average price is $11.50 and its 200 day moving average price is $12.94. Carrols Restaurant Group, Inc. has a 12-month low of $9.60 and a 12-month high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $279.48 million for the quarter, compared to the consensus estimate of $274.90 million. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. Analysts forecast that Carrols Restaurant Group, Inc. will post $0.21 earnings per share for the current fiscal year.

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TAST has been the topic of several research reports. Dougherty & Co reduced their price objective on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a report on Thursday, August 10th. Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $17.50 price objective on shares of Carrols Restaurant Group in a report 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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