Gunderson Capital Management Inc. purchased a new stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,244 shares of the restaurant operator’s stock, valued at approximately $67,000.
A number of other hedge funds have also modified their holdings of TAST. Verition Fund Management LLC purchased a new stake in Carrols Restaurant Group in the second quarter valued at approximately $26,000. Mirabella Financial Services LLP purchased a new position in shares of Carrols Restaurant Group during the first quarter worth $35,000. Prudential Financial Inc. purchased a new stake in Carrols Restaurant Group in the first quarter valued at $49,000. Mackenzie Financial Corp grew its position in Carrols Restaurant Group by 21.9% during the 4th quarter. Mackenzie Financial Corp now owns 28,145 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 5,059 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Carrols Restaurant Group during the 1st quarter valued at about $93,000. 29.12% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on TAST. StockNews.com raised Carrols Restaurant Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Stephens boosted their target price on shares of Carrols Restaurant Group from $6.00 to $10.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Finally, Truist Financial upped their price objective on shares of Carrols Restaurant Group from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $7.63.
Carrols Restaurant Group Stock Down 2.0 %
Shares of TAST traded down $0.12 during trading hours on Friday, hitting $5.98. 567,758 shares of the stock were exchanged, compared to its average volume of 517,133. The stock’s 50-day moving average price is $6.20 and its two-hundred day moving average price is $4.71. Carrols Restaurant Group, Inc. has a 12-month low of $1.31 and a 12-month high of $7.75. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 2.76.
Carrols Restaurant Group (NASDAQ:TAST – Get Free Report) last posted its quarterly earnings results on Thursday, August 10th. The restaurant operator reported $0.27 earnings per share for the quarter. Carrols Restaurant Group had a negative net margin of 0.66% and a positive return on equity of 4.53%. The firm had revenue of $485.22 million for the quarter, compared to analyst estimates of $479.91 million. Sell-side analysts forecast that Carrols Restaurant Group, Inc. will post 0.17 EPS for the current year.
Insider Buying and Selling at Carrols Restaurant Group
In other news, VP Richard G. Cross sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $7.06, for a total transaction of $35,300.00. Following the transaction, the vice president now owns 277,179 shares of the company’s stock, valued at approximately $1,956,883.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 33.10% of the stock is owned by company insiders.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc, through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King and Popeyes franchisee. The company was founded in 1960 and is headquartered in Syracuse, New York.
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