Millennium Management LLC Purchases 858,225 Shares of Carrols Restaurant Group (TAST)

Millennium Management LLC lifted its position in shares of Carrols Restaurant Group (NASDAQ:TAST) by 679.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 984,561 shares of the restaurant operator’s stock after purchasing an additional 858,225 shares during the quarter. Millennium Management LLC’s holdings in Carrols Restaurant Group were worth $11,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in Carrols Restaurant Group by 20,432.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,114 shares of the restaurant operator’s stock valued at $147,000 after purchasing an additional 12,055 shares during the last quarter. Teachers Advisors LLC boosted its position in Carrols Restaurant Group by 17.1% during the fourth quarter. Teachers Advisors LLC now owns 76,651 shares of the restaurant operator’s stock valued at $931,000 after purchasing an additional 11,217 shares during the last quarter. Two Sigma Advisers LP boosted its position in Carrols Restaurant Group by 8.5% during the fourth quarter. Two Sigma Advisers LP now owns 179,747 shares of the restaurant operator’s stock valued at $2,184,000 after purchasing an additional 14,059 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Carrols Restaurant Group by 12.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 110,371 shares of the restaurant operator’s stock valued at $1,341,000 after purchasing an additional 11,982 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in Carrols Restaurant Group during the fourth quarter valued at approximately $159,000. 87.85% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages recently commented on TAST. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. Citigroup reduced their price target on Carrols Restaurant Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 5th. Dougherty & Co reissued a “buy” rating on shares of Carrols Restaurant Group in a research report on Sunday, March 4th. Finally, BidaskClub cut Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Carrols Restaurant Group has a consensus rating of “Hold” and a consensus price target of $15.00.

Shares of NASDAQ TAST opened at $11.25 on Friday. Carrols Restaurant Group has a 52 week low of $9.90 and a 52 week high of $14.45. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. The company has a market cap of $414.72, a P/E ratio of 56.25, a P/E/G ratio of 2.18 and a beta of 0.26.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Carrols Restaurant Group had a return on equity of 5.58% and a net margin of 0.66%. The company had revenue of $283.97 million during the quarter, compared to analysts’ expectations of $274.59 million. During the same period last year, the firm posted $0.04 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. equities research analysts anticipate that Carrols Restaurant Group will post 0.26 EPS for the current year.

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Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King. As of December 31, 2017, it owned and operated 807 Burger King restaurants located in 17 states of the United States. The company was founded in 1960 and is headquartered in Syracuse, New York.

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

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