Citadel Advisors LLC grew its holdings in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 30.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,818 shares of the restaurant operator’s stock after purchasing an additional 32,171 shares during the quarter. Citadel Advisors LLC owned approximately 0.38% of Carrols Restaurant Group worth $1,492,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. First Manhattan Co. raised its holdings in shares of Carrols Restaurant Group by 1.0% in the 3rd quarter. First Manhattan Co. now owns 2,543,078 shares of the restaurant operator’s stock valued at $27,719,000 after purchasing an additional 24,750 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Carrols Restaurant Group by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,883 shares of the restaurant operator’s stock valued at $25,185,000 after purchasing an additional 236,368 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Carrols Restaurant Group by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,469,067 shares of the restaurant operator’s stock valued at $17,996,000 after purchasing an additional 60,027 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Carrols Restaurant Group by 2.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 971,285 shares of the restaurant operator’s stock valued at $10,732,000 after purchasing an additional 19,868 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Carrols Restaurant Group by 4.0% in the 2nd quarter. State Street Corp now owns 658,894 shares of the restaurant operator’s stock valued at $8,076,000 after purchasing an additional 25,044 shares in the last quarter. Institutional investors and hedge funds own 88.48% of the company’s stock.

Carrols Restaurant Group, Inc. (NASDAQ TAST) opened at $12.65 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95. The company has a market cap of $470.06, a P/E ratio of 108.33, a P/E/G ratio of 4.88 and a beta of 0.18. Carrols Restaurant Group, Inc. has a 52 week low of $9.90 and a 52 week high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $277.00 million. Carrols Restaurant Group had a return on equity of 4.61% and a net margin of 3.13%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. analysts forecast that Carrols Restaurant Group, Inc. will post 0.13 earnings per share for the current year.

In other Carrols Restaurant Group news, VP William E. Myers sold 6,400 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $12.96, for a total transaction of $82,944.00. Following the transaction, the vice president now owns 77,049 shares in the company, valued at approximately $998,555.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel T. Accordino sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $13.06, for a total transaction of $653,000.00. Following the transaction, the chief executive officer now owns 1,147,860 shares in the company, valued at approximately $14,991,051.60. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Several research analysts recently commented on TAST shares. Dougherty & Co reduced their price objective on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a research note on Thursday, August 10th. ValuEngine lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. UBS lowered shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $15.50 price objective on shares of Carrols Restaurant Group in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Carrols Restaurant Group presently has an average rating of “Buy” and an average price target of $15.25.

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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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