ClariVest Asset Management LLC Purchases New Holdings in Carrols Restaurant Group, Inc. (TAST)

ClariVest Asset Management LLC acquired a new stake in Carrols Restaurant Group, Inc. (NASDAQ:TAST) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,326 shares of the restaurant operator’s stock, valued at approximately $107,000.

A number of other hedge funds have also made changes to their positions in TAST. Trexquant Investment LP bought a new position in Carrols Restaurant Group in the second quarter valued at approximately $162,000. Macquarie Group Ltd. bought a new position in shares of Carrols Restaurant Group during the second quarter worth $207,000. Advisors Asset Management Inc. boosted its position in shares of Carrols Restaurant Group by 20.2% during the second quarter. Advisors Asset Management Inc. now owns 22,211 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 3,739 shares in the last quarter. PEAK6 Investments L.P. bought a new position in shares of Carrols Restaurant Group during the second quarter worth $218,000. Finally, Bessemer Group Inc. bought a new position in shares of Carrols Restaurant Group during the second quarter worth $244,000. 88.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ TAST opened at $11.74 on Friday. The firm has a market cap of $428.97 million, a PE ratio of 58.70, a PEG ratio of 1.74 and a beta of 0.51. Carrols Restaurant Group, Inc. has a twelve month low of $10.00 and a twelve month high of $16.40. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 1.60.

Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $298.52 million. Carrols Restaurant Group had a net margin of 1.06% and a return on equity of 8.62%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. As a group, equities analysts anticipate that Carrols Restaurant Group, Inc. will post 0.34 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on TAST. BidaskClub cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Zacks Investment Research raised shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Friday, August 10th. SunTrust Banks reissued a “buy” rating and set a $19.00 price target on shares of Carrols Restaurant Group in a research report on Wednesday, August 8th. Finally, Citigroup lifted their price target on shares of Carrols Restaurant Group from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.67.

WARNING: “ClariVest Asset Management LLC Purchases New Holdings in Carrols Restaurant Group, Inc. (TAST)” was first published by WKRB News and is owned by of WKRB News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.wkrb13.com/2018/11/24/clarivest-asset-management-llc-purchases-new-holdings-in-carrols-restaurant-group-inc-tast.html.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

Featured Article: Understanding the different types of bonds

Want to see what other hedge funds are holding TAST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrols Restaurant Group, Inc. (NASDAQ:TAST).

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

Receive News & Ratings for Carrols Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply