Carrols Restaurant Group (TAST) Sees Unusually-High Trading Volume

Carrols Restaurant Group, Inc. (NASDAQ:TAST) shares saw unusually-strong trading volume on Wednesday . Approximately 1,098,763 shares changed hands during mid-day trading, an increase of 344% from the previous session’s volume of 247,631 shares.The stock last traded at $10.68 and had previously closed at $9.35.

Several equities analysts recently issued reports on TAST shares. ValuEngine cut shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Zacks Investment Research lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. BidaskClub lowered shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Thursday, November 8th. Citigroup set a $14.00 price target on shares of Carrols Restaurant Group and gave the stock a “buy” rating in a report on Monday, November 12th. Finally, Raymond James cut their price target on shares of Carrols Restaurant Group from $16.50 to $13.50 and set an “outperform” rating for the company in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.88.

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The firm has a market capitalization of $341.65 million, a P/E ratio of 53.40, a price-to-earnings-growth ratio of 1.20 and a beta of 0.31. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.51 and a current ratio of 0.62.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Carrols Restaurant Group by 13.1% in the 3rd quarter. BlackRock Inc. now owns 3,279,129 shares of the restaurant operator’s stock worth $47,876,000 after acquiring an additional 378,788 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Carrols Restaurant Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,368,846 shares of the restaurant operator’s stock worth $34,585,000 after acquiring an additional 11,130 shares in the last quarter. Brown Advisory Inc. increased its holdings in Carrols Restaurant Group by 0.6% in the 4th quarter. Brown Advisory Inc. now owns 2,202,867 shares of the restaurant operator’s stock worth $21,676,000 after acquiring an additional 13,176 shares in the last quarter. Vanguard Group Inc increased its holdings in Carrols Restaurant Group by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 1,607,721 shares of the restaurant operator’s stock worth $23,473,000 after acquiring an additional 38,160 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Carrols Restaurant Group by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,607,721 shares of the restaurant operator’s stock worth $23,473,000 after acquiring an additional 38,160 shares in the last quarter. 87.04% of the stock is owned by institutional investors.

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About Carrols Restaurant Group (NASDAQ:TAST)

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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