Cove Street Capital LLC Has $20.04 Million Holdings in Carrols Restaurant Group, Inc. (TAST)
Cove Street Capital LLC trimmed its position in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,649,076 shares of the restaurant operator’s stock after selling 80,077 shares during the period. Carrols Restaurant Group makes up approximately 2.2% of Cove Street Capital LLC’s investment portfolio, making the stock its 12th largest position. Cove Street Capital LLC’s holdings in Carrols Restaurant Group were worth $20,037,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in TAST. SG Americas Securities LLC acquired a new stake in Carrols Restaurant Group during the third quarter worth about $104,000. Susquehanna International Group LLP grew its stake in Carrols Restaurant Group by 165.2% during the third quarter. Susquehanna International Group LLP now owns 10,794 shares of the restaurant operator’s stock worth $118,000 after buying an additional 27,358 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in Carrols Restaurant Group during the third quarter worth about $133,000. Teacher Retirement System of Texas acquired a new stake in Carrols Restaurant Group during the fourth quarter worth about $145,000. Finally, State Board of Administration of Florida Retirement System grew its stake in Carrols Restaurant Group by 43.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 15,568 shares of the restaurant operator’s stock worth $170,000 after buying an additional 4,725 shares in the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.
In other news, CFO Paul R. Flanders sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $12.80, for a total value of $32,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Carrols Restaurant Group had a net margin of 0.66% and a return on equity of 5.67%. The company had revenue of $283.97 million for the quarter, compared to the consensus estimate of $274.59 million. During the same period last year, the company posted $0.04 EPS. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. sell-side analysts anticipate that Carrols Restaurant Group, Inc. will post 0.24 earnings per share for the current year.
TAST has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. Citigroup raised their price target on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, November 20th. BidaskClub downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Finally, ValuEngine downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Carrols Restaurant Group presently has a consensus rating of “Hold” and an average price target of $15.00.
WARNING: This piece of content was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2018/03/05/cove-street-capital-llc-has-20-04-million-holdings-in-carrols-restaurant-group-inc-tast.html.
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.
Want to see what other hedge funds are holding TAST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrols Restaurant Group, Inc. (NASDAQ:TAST).
Receive News & Ratings for Carrols Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.