Carrols Restaurant Group, Inc. (TAST) Position Boosted by Voya Investment Management LLC

Voya Investment Management LLC boosted its position in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 15.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,139 shares of the restaurant operator’s stock after buying an additional 2,559 shares during the period. Voya Investment Management LLC owned approximately 0.05% of Carrols Restaurant Group worth $234,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY lifted its holdings in Carrols Restaurant Group by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 25,414 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 543 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Carrols Restaurant Group by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 194,142 shares of the restaurant operator’s stock valued at $2,378,000 after buying an additional 590 shares during the period. Wells Fargo & Company MN lifted its holdings in Carrols Restaurant Group by 1.7% in the second quarter. Wells Fargo & Company MN now owns 37,703 shares of the restaurant operator’s stock valued at $462,000 after buying an additional 618 shares during the period. Bank of America Corp DE lifted its holdings in Carrols Restaurant Group by 0.3% in the first quarter. Bank of America Corp DE now owns 231,485 shares of the restaurant operator’s stock valued at $3,275,000 after buying an additional 649 shares during the period. Finally, Citigroup Inc. lifted its holdings in Carrols Restaurant Group by 8.0% in the second quarter. Citigroup Inc. now owns 14,990 shares of the restaurant operator’s stock valued at $184,000 after buying an additional 1,116 shares during the period. Institutional investors and hedge funds own 87.55% of the company’s stock.

Carrols Restaurant Group, Inc. (NASDAQ TAST) opened at $12.35 on Friday. Carrols Restaurant Group, Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $17.55. The firm has a market cap of $446.56, a PE ratio of 102.92, a PEG ratio of 4.63 and a beta of 0.11. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.79.

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

Several equities analysts recently issued reports on the stock. ValuEngine lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Dougherty & Co dropped their target price on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a report on Thursday, August 10th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $15.50 target price on shares of Carrols Restaurant Group in a report on Tuesday, September 26th. UBS AG lowered shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

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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.

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

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