Victory Capital Management Inc. lifted its stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 27.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,966 shares of the restaurant operator’s stock after acquiring an additional 33,630 shares during the period. Victory Capital Management Inc. owned 0.44% of Carrols Restaurant Group worth $1,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TAST. Waratah Capital Advisors Ltd. acquired a new stake in shares of Carrols Restaurant Group during the first quarter valued at $4,579,000. Cannell Capital LLC boosted its stake in shares of Carrols Restaurant Group by 18.7% during the first quarter. Cannell Capital LLC now owns 1,132,647 shares of the restaurant operator’s stock valued at $16,027,000 after acquiring an additional 178,430 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Carrols Restaurant Group by 31.9% during the first quarter. Eagle Asset Management Inc. now owns 716,583 shares of the restaurant operator’s stock valued at $10,139,000 after acquiring an additional 173,366 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Carrols Restaurant Group by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,819,515 shares of the restaurant operator’s stock valued at $25,746,000 after acquiring an additional 143,056 shares during the last quarter. Finally, Suffolk Capital Management LLC acquired a new stake in shares of Carrols Restaurant Group during the second quarter valued at $1,238,000. 86.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) opened at 10.80 on Monday. The firm has a market cap of $382.61 million, a price-to-earnings ratio of 14.44 and a beta of 0.04. The company’s 50 day moving average price is $11.50 and its 200-day moving average price is $12.94. Carrols Restaurant Group, Inc. has a 1-year low of $9.60 and a 1-year high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $279.48 million for the quarter, compared to analyst estimates of $274.90 million. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Equities analysts expect that Carrols Restaurant Group, Inc. will post $0.21 EPS for the current fiscal year.

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A number of research firms recently commented on TAST. ValuEngine lowered Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Dougherty & Co decreased their price objective on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $17.50 price objective on shares of Carrols Restaurant Group in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th.

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

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