Carrols Restaurant Group Inc (NASDAQ:TAST) Director Alexander R. Sloane Purchases 13,315 Shares

Carrols Restaurant Group Inc (NASDAQ:TAST) Director Alexander R. Sloane bought 13,315 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $7.54 per share, with a total value of $100,395.10. Following the transaction, the director now owns 11,909 shares in the company, valued at $89,793.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TAST stock traded down $0.03 during midday trading on Thursday, reaching $7.10. The company had a trading volume of 6,357 shares, compared to its average volume of 403,545. Carrols Restaurant Group Inc has a 1 year low of $7.07 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.29 and a quick ratio of 0.21. The stock has a market capitalization of $319.02 million, a P/E ratio of 24.20 and a beta of 0.44. The company’s 50 day moving average price is $8.89.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.07). The business had revenue of $368.56 million for the quarter, compared to the consensus estimate of $366.91 million. Carrols Restaurant Group had a negative net margin of 0.77% and a positive return on equity of 0.19%. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, equities research analysts predict that Carrols Restaurant Group Inc will post 0.15 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Dougherty & Co reiterated a “buy” rating and issued a $16.00 target price on shares of Carrols Restaurant Group in a research report on Thursday, May 9th. BidaskClub upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Carrols Restaurant Group currently has a consensus rating of “Buy” and an average price target of $13.38.

Several institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in Carrols Restaurant Group during the second quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its holdings in shares of Carrols Restaurant Group by 354.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,284 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 2,561 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Carrols Restaurant Group by 43.7% in the fourth quarter. Macquarie Group Ltd. now owns 5,264 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 1,600 shares during the period. Legal & General Group Plc boosted its holdings in shares of Carrols Restaurant Group by 31.7% in the fourth quarter. Legal & General Group Plc now owns 6,502 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 1,564 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Carrols Restaurant Group by 202.2% in the first quarter. BNP Paribas Arbitrage SA now owns 7,231 shares of the restaurant operator’s stock worth $72,000 after purchasing an additional 4,838 shares in the last quarter. Institutional investors and hedge funds own 72.89% of the company’s stock.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.

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