Carrols Restaurant Group, Inc. (TAST) CFO Sells $32,000.00 in Stock
Carrols Restaurant Group, Inc. (NASDAQ:TAST) CFO Paul R. Flanders sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $12.80, for a total value of $32,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Carrols Restaurant Group, Inc. (TAST) traded down $0.05 during mid-day trading on Monday, hitting $12.65. The company’s stock had a trading volume of 408,500 shares, compared to its average volume of 256,338. The firm has a market cap of $457.41, a P/E ratio of 105.42, a PEG ratio of 4.74 and a beta of 0.18. Carrols Restaurant Group, Inc. has a 52-week low of $9.90 and a 52-week high of $17.55. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95.
Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The business had revenue of $258.24 million during the quarter, compared to analyst estimates of $277.00 million. Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.61%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. analysts expect that Carrols Restaurant Group, Inc. will post 0.13 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, December 6th. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Citigroup increased their price target on Carrols Restaurant Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.50 target price on shares of Carrols Restaurant Group in a report on Tuesday, September 26th. Finally, UBS downgraded Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Carrols Restaurant Group currently has a consensus rating of “Buy” and an average price target of $15.25.
Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its holdings in shares of Carrols Restaurant Group by 179.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 5,485 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Carrols Restaurant Group in the 3rd quarter valued at $104,000. Susquehanna International Group LLP boosted its holdings in shares of Carrols Restaurant Group by 165.2% in the 3rd quarter. Susquehanna International Group LLP now owns 10,794 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 27,358 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Carrols Restaurant Group in the 3rd quarter valued at $133,000. Finally, Aperio Group LLC boosted its holdings in shares of Carrols Restaurant Group by 9.2% in the 2nd quarter. Aperio Group LLC now owns 13,343 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 1,128 shares in the last quarter. 88.48% of the stock is currently owned by hedge funds and other institutional investors.
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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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