Nisa Investment Advisors LLC Invests $39,000 in Carrols Restaurant Group, Inc. (NASDAQ:TAST)

Nisa Investment Advisors LLC purchased a new position in Carrols Restaurant Group, Inc. (NASDAQ:TASTGet Rating) during the first quarter, HoldingsChannel.com reports. The fund purchased 17,370 shares of the restaurant operator’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Quadrant LLC CA purchased a new position in Carrols Restaurant Group in the first quarter worth $37,000. Allspring Global Investments Holdings LLC purchased a new position in Carrols Restaurant Group in the fourth quarter worth $41,000. Raymond James Financial Services Advisors Inc. grew its position in Carrols Restaurant Group by 248.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 37,473 shares of the restaurant operator’s stock worth $111,000 after acquiring an additional 26,727 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Carrols Restaurant Group in the fourth quarter worth $188,000. Finally, American Century Companies Inc. grew its position in Carrols Restaurant Group by 36.8% in the fourth quarter. American Century Companies Inc. now owns 67,502 shares of the restaurant operator’s stock worth $200,000 after acquiring an additional 18,165 shares in the last quarter. 35.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Carrols Restaurant Group currently has an average rating of “Hold” and an average price target of $4.50.

Carrols Restaurant Group Stock Performance

Carrols Restaurant Group stock opened at $2.49 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $132.61 million, a PE ratio of -2.18 and a beta of 2.30. The firm has a fifty day simple moving average of $2.05 and a two-hundred day simple moving average of $2.16. Carrols Restaurant Group, Inc. has a twelve month low of $1.28 and a twelve month high of $5.29.

Carrols Restaurant Group (NASDAQ:TASTGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The restaurant operator reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.02. The business had revenue of $399.48 million during the quarter, compared to the consensus estimate of $401.04 million. Carrols Restaurant Group had a negative net margin of 3.44% and a negative return on equity of 14.32%. During the same period in the previous year, the firm posted ($0.13) earnings per share. Research analysts expect that Carrols Restaurant Group, Inc. will post -0.4 EPS for the current year.

Carrols Restaurant Group Profile

(Get Rating)

Carrols Restaurant Group, Inc, through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King and Popeyes franchisee. As of January 2, 2022, it operated 1,026 Burger King restaurants located in 23 Northeastern, Midwestern, Southcentral, and Southeastern states; and 65 Popeyes restaurants in seven Southeastern states.

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

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