William E. Myers Sells 10,000 Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) Stock

Carrols Restaurant Group, Inc. (NASDAQ:TAST – Get Rating) VP William E. Myers sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $2.03, for a total transaction of $20,300.00. Following the transaction, the vice president now directly owns 88,571 shares in the company, valued at approximately $179,799.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carrols Restaurant Group Stock Performance

Shares of TAST stock opened at $2.10 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 3.18. The company has a market cap of $118.26 million, a PE ratio of -1.41 and a beta of 2.38. The company’s fifty day simple moving average is $2.03 and its 200-day simple moving average is $1.77. Carrols Restaurant Group, Inc. has a 52 week low of $1.28 and a 52 week high of $2.69.

Analyst Ratings Changes

TAST has been the subject of a number of research analyst reports. Stephens restated an “overweight” rating and set a $3.00 price objective on shares of Carrols Restaurant Group in a report on Tuesday, February 28th. StockNews.com assumed coverage on Carrols Restaurant Group in a report on Thursday. They issued a “hold” rating on the stock. Finally, Craig Hallum raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $2.50 to $4.00 in a research note on Tuesday, March 7th.

Institutional Trading of Carrols Restaurant Group

Several large investors have recently added to or reduced their stakes in TAST. Verition Fund Management LLC acquired a new position in shares of Carrols Restaurant Group during the second quarter worth about $26,000. Mirabella Financial Services LLP acquired a new position in Carrols Restaurant Group during the 1st quarter worth approximately $35,000. Mackenzie Financial Corp acquired a new position in Carrols Restaurant Group during the 3rd quarter worth approximately $38,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Carrols Restaurant Group in the 3rd quarter worth approximately $123,000. Finally, Price T Rowe Associates Inc. MD grew its position in Carrols Restaurant Group by 20.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 110,890 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 19,200 shares in the last quarter. 27.67% of the stock is currently owned by institutional investors and hedge funds.

Carrols Restaurant Group Company Profile

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Carrols Restaurant Group, Inc engages in the operation of restaurants under the Burger King and Popeyes brands. It serves flame-broiled whopper sandwich, hamburgers, chicken and other specialty sandwiches, fries, salads, breakfast items, smoothies, frappes, and other snacks. The company was founded in 1960 and is headquartered in Syracuse, NY.