Carrols Restaurant Group, Inc. (NASDAQ:TAST) Shares Purchased by Boston Partners

Posted by Defense World Staff on May 10th, 2023

Boston Partners increased its stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST – Get Rating) by 24.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 427,646 shares of the restaurant operator’s stock after acquiring an additional 85,344 shares during the period. Boston Partners owned approximately 0.80% of Carrols Restaurant Group worth $582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in Carrols Restaurant Group during the second quarter valued at $26,000. Mirabella Financial Services LLP acquired a new position in Carrols Restaurant Group in the 1st quarter worth about $35,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Carrols Restaurant Group by 20.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 110,890 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 19,200 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Carrols Restaurant Group by 29.7% during the 1st quarter. American Century Companies Inc. now owns 87,542 shares of the restaurant operator’s stock valued at $198,000 after acquiring an additional 20,040 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Carrols Restaurant Group by 58.3% during the 2nd quarter. Citadel Advisors LLC now owns 98,071 shares of the restaurant operator’s stock valued at $199,000 after acquiring an additional 36,101 shares during the last quarter. 27.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TAST has been the subject of several recent analyst reports. StockNews.com downgraded Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Monday, April 3rd. Truist Financial raised their price target on Carrols Restaurant Group from $3.00 to $4.00 and gave the company a “buy” rating in a report on Monday, April 17th. Craig Hallum raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $2.50 to $4.00 in a research note on Tuesday, March 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $3.00 price objective on shares of Carrols Restaurant Group in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.75.

Carrols Restaurant Group Trading Up 6.1 %

TAST opened at $4.35 on Wednesday. Carrols Restaurant Group, Inc. has a 52-week low of $1.28 and a 52-week high of $4.51. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 3.18. The business’s 50-day simple moving average is $2.87 and its 200 day simple moving average is $2.12.

Carrols Restaurant Group (NASDAQ:TAST – Get Rating) last announced its earnings results on Tuesday, February 28th. The restaurant operator reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.17. Carrols Restaurant Group had a negative return on equity of 20.61% and a negative net margin of 4.37%. The company had revenue of $445.06 million for the quarter, compared to analyst estimates of $445.10 million. As a group, equities research analysts forecast that Carrols Restaurant Group, Inc. will post -0.25 earnings per share for the current fiscal year.

Carrols Restaurant Group Company Profile

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Carrols Restaurant Group, Inc engages in the operation of restaurants under the Burger King and Popeyes brands. It serves flame-broiled whopper sandwich, hamburgers, chicken and other specialty sandwiches, fries, salads, breakfast items, smoothies, frappes, and other snacks. The company was founded in 1960 and is headquartered in Syracuse, NY.