Nisa Investment Advisors LLC maintained its position in Carrols Restaurant Group Inc. (NASDAQ:TAST) during the second quarter, Holdings Channel reports. The fund owned 9,000 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Carrols Restaurant Group were worth $107,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eqis Capital Management Inc. increased its position in Carrols Restaurant Group by 15.2% in the second quarter. Eqis Capital Management Inc. now owns 14,339 shares of the company’s stock valued at $171,000 after buying an additional 1,892 shares during the period. First Manhattan Co. increased its stake in shares of Carrols Restaurant Group by 42.9% in the second quarter. First Manhattan Co. now owns 2,863,387 shares of the company’s stock valued at $34,074,000 after buying an additional 859,472 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Carrols Restaurant Group during the first quarter valued at about $187,000. LPL Financial LLC acquired a new stake in shares of Carrols Restaurant Group during the first quarter valued at about $1,055,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Carrols Restaurant Group during the first quarter valued at about $304,000. 82.61% of the stock is currently owned by hedge funds and other institutional investors.
Carrols Restaurant Group Inc. (NASDAQ:TAST) traded up 1.23% during mid-day trading on Friday, reaching $13.21. The company’s stock had a trading volume of 235,564 shares. Carrols Restaurant Group Inc. has a 12-month low of $10.57 and a 12-month high of $14.80. The company has a market cap of $463.97 million, a PE ratio of 25.60 and a beta of -0.08. The firm’s 50 day moving average is $13.31 and its 200-day moving average is $13.07.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $241.40 million for the quarter, compared to the consensus estimate of $244.61 million. Carrols Restaurant Group had a return on equity of 26.41% and a net margin of 2.83%. Equities analysts anticipate that Carrols Restaurant Group Inc. will post $0.59 earnings per share for the current fiscal year.
Several brokerages recently issued reports on TAST. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Wednesday, September 21st. Citigroup Inc. reissued a “buy” rating and set a $15.50 target price (up previously from $15.00) on shares of Carrols Restaurant Group in a research note on Tuesday, July 5th.
In other news, VP Timothy Lalonde sold 4,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $13.61, for a total value of $54,440.00. Following the sale, the vice president now owns 96,053 shares in the company, valued at $1,307,281.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is owned by insiders.
About Carrols Restaurant Group
Carrols Restaurant Group, Inc is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name.
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