William E. Myers Sells 6,400 Shares of Carrols Restaurant Group, Inc. (TAST) Stock

Carrols Restaurant Group, Inc. (NASDAQ:TAST) VP William E. Myers sold 6,400 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $12.96, for a total transaction of $82,944.00. Following the completion of the sale, the vice president now owns 77,049 shares in the company, valued at approximately $998,555.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Carrols Restaurant Group, Inc. (TAST) opened at $13.00 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market cap of $479.10, a PE ratio of 110.42, a price-to-earnings-growth ratio of 4.97 and a beta of 0.18. Carrols Restaurant Group, Inc. has a one year low of $9.90 and a one year high of $17.55.

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

Large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its stake in Carrols Restaurant Group by 37.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,300 shares of the restaurant operator’s stock valued at $616,000 after buying an additional 13,746 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in shares of Carrols Restaurant Group by 48.0% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 300,816 shares of the restaurant operator’s stock valued at $3,684,000 after acquiring an additional 97,600 shares during the period. Royce & Associates LP grew its position in shares of Carrols Restaurant Group by 147.8% during the 2nd quarter. Royce & Associates LP now owns 327,774 shares of the restaurant operator’s stock valued at $4,015,000 after acquiring an additional 195,500 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Carrols Restaurant Group by 27.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 77,332 shares of the restaurant operator’s stock valued at $947,000 after acquiring an additional 16,682 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Carrols Restaurant Group by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,469,067 shares of the restaurant operator’s stock valued at $17,996,000 after acquiring an additional 60,027 shares during the period. Hedge funds and other institutional investors own 88.48% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday. Citigroup upped their target price on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, November 20th. ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $15.50 price objective on shares of Carrols Restaurant Group in a research note on Tuesday, September 26th. Finally, UBS lowered shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.25.

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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.

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