Carrols Restaurant Group Inc (NASDAQ:TAST) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 4,000,000 shares, an increase of 12.4% from the September 15th total of 3,560,000 shares. Based on an average daily volume of 546,400 shares, the short-interest ratio is presently 7.3 days. Approximately 11.6% of the company’s shares are sold short.
Shares of TAST stock traded down $0.17 during midday trading on Wednesday, reaching $7.23. 16,202 shares of the stock were exchanged, compared to its average volume of 702,273. Carrols Restaurant Group has a 1 year low of $6.23 and a 1 year high of $13.86. The company’s 50 day moving average is $7.74 and its two-hundred day moving average is $8.49. The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 3.73. The firm has a market cap of $336.78 million, a PE ratio of 24.13 and a beta of 0.55.
Carrols Restaurant Group (NASDAQ:TAST) last posted its 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). Carrols Restaurant Group had a positive return on equity of 0.16% and a negative net margin of 0.77%. The firm had revenue of $368.56 million for the quarter, compared to analysts’ expectations of $366.91 million. During the same quarter last year, the company posted $0.22 EPS. The firm’s revenue was up 21.6% on a year-over-year basis. As a group, equities analysts expect that Carrols Restaurant Group will post -0.03 EPS for the current fiscal year.
In other Carrols Restaurant Group news, Director Alexander R. Sloane purchased 13,315 shares of Carrols Restaurant Group stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $7.54 per share, for a total transaction of $100,395.10. Following the acquisition, the director now directly owns 11,909 shares in the company, valued at $89,793.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard G. Cross sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $8.63, for a total value of $125,998.00. Following the transaction, the vice president now owns 185,698 shares in the company, valued at approximately $1,602,573.74. The disclosure for this sale can be found here. 22.00% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the business. Bank of Montreal Can bought a new stake in shares of Carrols Restaurant Group in the 2nd quarter worth approximately $27,000. Tower Research Capital LLC TRC boosted its position in shares of Carrols Restaurant Group by 354.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,284 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 2,561 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Carrols Restaurant Group in the 3rd quarter worth approximately $82,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Carrols Restaurant Group in the 2nd quarter worth approximately $90,000. Finally, Ardsley Advisory Partners LP bought a new stake in shares of Carrols Restaurant Group in the 2nd quarter worth approximately $91,000. Hedge funds and other institutional investors own 74.22% 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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