Carrols Restaurant Group Inc. (TAST) CEO Daniel T. Accordino Sells 25,000 Shares of Stock
Carrols Restaurant Group Inc. (NASDAQ:TAST) CEO Daniel T. Accordino sold 25,000 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $13.83, for a total transaction of $345,750.00. Following the sale, the chief executive officer now directly owns 1,083,840 shares in the company, valued at $14,989,507.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Carrols Restaurant Group Inc. (NASDAQ:TAST) opened at 13.40 on Tuesday. Carrols Restaurant Group Inc. has a 52 week low of $9.60 and a 52 week high of $14.80. The company has a 50-day moving average of $12.70 and a 200-day moving average of $12.68. The stock has a market capitalization of $472.42 million, a price-to-earnings ratio of 31.02 and a beta of -0.19.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.05. The business earned $238.90 million during the quarter, compared to analyst estimates of $244.87 million. Carrols Restaurant Group had a net margin of 2.47% and a return on equity of 23.60%. The business’s revenue was up 9.7% compared to the same quarter last year. Analysts anticipate that Carrols Restaurant Group Inc. will post $0.55 earnings per share for the current year.
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Separately, Zacks Investment Research raised shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, September 15th.
A number of hedge funds and other institutional investors have recently bought and sold shares of TAST. TIAA CREF Investment Management LLC raised its position in Carrols Restaurant Group by 2.0% in the first quarter. TIAA CREF Investment Management LLC now owns 217,968 shares of the company’s stock worth $3,147,000 after buying an additional 4,234 shares in the last quarter. Renaissance Technologies LLC raised its position in Carrols Restaurant Group by 34.3% in the first quarter. Renaissance Technologies LLC now owns 1,234,300 shares of the company’s stock worth $17,823,000 after buying an additional 315,400 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Carrols Restaurant Group during the first quarter worth approximately $304,000. LPL Financial LLC acquired a new position in Carrols Restaurant Group during the first quarter worth approximately $1,055,000. Finally, Boothbay Fund Management LLC acquired a new position in Carrols Restaurant Group during the first quarter worth approximately $187,000. Institutional investors own 84.21% of the company’s stock.
About Carrols Restaurant Group
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.
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