Squarepoint Ops LLC increased its holdings in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 44.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 130,050 shares of the restaurant operator’s stock after buying an additional 40,074 shares during the quarter. Squarepoint Ops LLC’s holdings in Carrols Restaurant Group were worth $817,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. lifted its stake in shares of Carrols Restaurant Group by 280.7% during the 4th quarter. Citigroup Inc. now owns 7,051 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 5,199 shares during the last quarter. Credit Suisse AG purchased a new position in Carrols Restaurant Group during the 4th quarter worth $64,000. SG Americas Securities LLC purchased a new position in Carrols Restaurant Group during the 4th quarter worth $71,000. Paloma Partners Management Co purchased a new position in Carrols Restaurant Group during the 4th quarter worth $111,000. Finally, Prelude Capital Management LLC increased its holdings in Carrols Restaurant Group by 39.0% during the 4th quarter. Prelude Capital Management LLC now owns 28,336 shares of the restaurant operator’s stock worth $178,000 after purchasing an additional 7,957 shares during the period. 49.65% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on TAST shares. Zacks Investment Research downgraded Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, March 18th. Stephens cut their price target on Carrols Restaurant Group from $7.50 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Carrols Restaurant Group from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, January 15th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $7.57.

Shares of TAST opened at $5.91 on Thursday. The stock has a 50-day moving average of $6.48 and a two-hundred day moving average of $6.45. Carrols Restaurant Group, Inc. has a one year low of $1.89 and a one year high of $8.09. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.64 and a current ratio of 0.72. The stock has a market cap of $315.22 million, a P/E ratio of -13.13 and a beta of 2.61.

In other news, Director Matthew Terker Perelman purchased 75,000 shares of the stock in a transaction on Monday, March 8th. The stock was bought at an average price of $6.60 per share, with a total value of $495,000.00. Following the transaction, the director now owns 181,324 shares in the company, valued at approximately $1,196,738.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.00% of the company’s stock.

Carrols Restaurant Group Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King franchisee. As of December 29, 2019, it had, as franchisee, 1,036 Burger King restaurants located in 23 Northeastern, Midwestern, and Southeastern states; and 65 Popeyes restaurants in seven Southeastern states.

Further Reading: What is a Secondary Public Offering?

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

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