SG Americas Securities LLC Boosts Holdings in Carrols Restaurant Group, Inc. (NASDAQ:TAST)

SG Americas Securities LLC boosted its position in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 27.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,092 shares of the restaurant operator’s stock after buying an additional 4,348 shares during the period. SG Americas Securities LLC’s holdings in Carrols Restaurant Group were worth $158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TAST. Verition Fund Management LLC purchased a new position in Carrols Restaurant Group in the 2nd quarter valued at $26,000. BluePath Capital Management LLC purchased a new stake in shares of Carrols Restaurant Group during the 3rd quarter worth $34,000. Mirabella Financial Services LLP acquired a new position in shares of Carrols Restaurant Group during the 1st quarter worth $35,000. Mackenzie Financial Corp raised its stake in shares of Carrols Restaurant Group by 21.9% during the 4th quarter. Mackenzie Financial Corp now owns 28,145 shares of the restaurant operator’s stock worth $38,000 after buying an additional 5,059 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Carrols Restaurant Group by 209.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,148 shares of the restaurant operator’s stock worth $47,000 after buying an additional 4,838 shares during the last quarter. 86.80% of the stock is currently owned by hedge funds and other institutional investors.

Carrols Restaurant Group Trading Up 0.1 %

Shares of TAST stock opened at $9.49 on Tuesday. The firm has a 50-day moving average price of $9.47 and a 200 day moving average price of $8.12. Carrols Restaurant Group, Inc. has a twelve month low of $2.82 and a twelve month high of $9.54. The company has a market capitalization of $544.54 million, a price-to-earnings ratio of 18.25 and a beta of 2.50. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 2.28.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Friday, March 8th. The restaurant operator reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $470.36 million during the quarter, compared to analysts’ expectations of $470.41 million. Carrols Restaurant Group had a return on equity of 19.41% and a net margin of 1.80%. Research analysts forecast that Carrols Restaurant Group, Inc. will post 0.64 earnings per share for the current fiscal year.

Carrols Restaurant Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 11th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, March 8th. Carrols Restaurant Group’s dividend payout ratio (DPR) is 15.38%.

Wall Street Analyst Weigh In

TAST has been the subject of several research reports. Craig Hallum reaffirmed a “hold” rating on shares of Carrols Restaurant Group in a research note on Wednesday, January 17th. Stephens reissued an “equal weight” rating and issued a $9.55 target price (down previously from $13.00) on shares of Carrols Restaurant Group in a research note on Tuesday, January 16th. Truist Financial reissued a “hold” rating and issued a $9.55 target price (down previously from $10.00) on shares of Carrols Restaurant Group in a research note on Monday, January 22nd. Finally, StockNews.com assumed coverage on shares of Carrols Restaurant Group in a research note on Monday. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.87.

Carrols Restaurant Group Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates restaurants in the United States. It operates quick service restaurants as a franchisee under the Burger King and Popeyes brands in 23 Northeastern, Midwestern, Southcentral, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.