Carrols Restaurant Group, Inc. (NASDAQ:TAST) VP Ahmad Filsoof Sells 22,000 Shares of Stock

Carrols Restaurant Group, Inc. (NASDAQ:TAST) VP Ahmad Filsoof sold 22,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $7.44, for a total transaction of $163,680.00. Following the sale, the vice president now directly owns 82,412 shares in the company, valued at approximately $613,145.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Carrols Restaurant Group Stock Performance

TAST stock opened at $7.51 on Thursday. Carrols Restaurant Group, Inc. has a twelve month low of $1.31 and a twelve month high of $8.05. The firm has a market cap of $409.30 million, a price-to-earnings ratio of 123.17 and a beta of 2.30. The business’s fifty day simple moving average is $6.18 and its two-hundred day simple moving average is $5.81. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 2.54.

Carrols Restaurant Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, November 20th.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Carrols Restaurant Group from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, November 10th. StockNews.com began coverage on Carrols Restaurant Group in a research note on Thursday, October 5th. They issued a “buy” rating for the company. TheStreet upgraded Carrols Restaurant Group from a “d+” rating to a “c” rating in a report on Wednesday, November 1st. Finally, Stephens lifted their price objective on shares of Carrols Restaurant Group from $6.00 to $10.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $9.17.

Institutional Trading of Carrols Restaurant Group

Large investors have recently modified their holdings of the company. AQR Capital Management LLC purchased a new position in Carrols Restaurant Group during the 3rd quarter worth $411,000. Manatuck Hill Partners LLC purchased a new position in shares of Carrols Restaurant Group during the third quarter valued at $330,000. Corton Capital Inc. bought a new stake in shares of Carrols Restaurant Group in the third quarter valued at about $107,000. Tower Research Capital LLC TRC grew its holdings in Carrols Restaurant Group by 209.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,148 shares of the restaurant operator’s stock worth $47,000 after acquiring an additional 4,838 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Carrols Restaurant Group by 11.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 36,784 shares of the restaurant operator’s stock valued at $242,000 after purchasing an additional 3,860 shares during the period. Hedge funds and other institutional investors own 29.12% of the company’s stock.

About Carrols Restaurant Group

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.