Zacks Investment Research downgraded shares of Carrols Restaurant Group Inc. (NASDAQ:TAST) from a buy rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “

Separately, Citigroup Inc. reiterated a buy rating and set a $15.50 target price (up previously from $15.00) on shares of Carrols Restaurant Group in a research note on Tuesday, July 5th.

Carrols Restaurant Group (NASDAQ:TAST) traded down 0.54% during trading on Wednesday, hitting $12.92. The company’s stock had a trading volume of 35,676 shares. Carrols Restaurant Group has a one year low of $10.57 and a one year high of $14.80. The firm has a market cap of $453.79 million, a PE ratio of 25.04 and a beta of -0.17. The company has a 50-day moving average of $13.18 and a 200 day moving average of $13.04.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Tuesday, August 9th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm earned $241.40 million during the quarter, compared to the consensus estimate of $244.61 million. Carrols Restaurant Group had a net margin of 2.83% and a return on equity of 26.41%. On average, equities analysts forecast that Carrols Restaurant Group will post $0.59 earnings per share for the current year.

In other news, VP Timothy Lalonde sold 4,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $13.61, for a total value of $54,440.00. Following the completion of the sale, the vice president now directly owns 96,053 shares of the company’s stock, valued at $1,307,281.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of Carrols Restaurant Group by 0.5% in the second quarter. Victory Capital Management Inc. now owns 89,183 shares of the company’s stock worth $1,061,000 after buying an additional 400 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Carrols Restaurant Group by 3.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 21,800 shares of the company’s stock worth $315,000 after buying an additional 700 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Carrols Restaurant Group by 12.6% in the second quarter. Moors & Cabot Inc. now owns 12,841 shares of the company’s stock worth $154,000 after buying an additional 1,441 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Carrols Restaurant Group by 34.4% in the first quarter. Legal & General Group Plc now owns 7,062 shares of the company’s stock worth $102,000 after buying an additional 1,807 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of Carrols Restaurant Group by 15.2% in the second quarter. Eqis Capital Management Inc. now owns 14,339 shares of the company’s stock worth $171,000 after buying an additional 1,892 shares during the last quarter. 82.61% of the stock is owned by institutional investors and hedge funds.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name.

5 Day Chart for NASDAQ:TAST

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