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.
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.
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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.
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