Carrols Restaurant Group, Inc. (NASDAQ:TAST) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 73.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,257 shares of the restaurant operator’s stock after buying an additional 1,381 shares during the period. Federated Hermes Inc.’s holdings in Carrols Restaurant Group were worth $26,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WINTON GROUP Ltd bought a new position in shares of Carrols Restaurant Group during the third quarter valued at approximately $98,000. Mackenzie Financial Corp raised its position in shares of Carrols Restaurant Group by 18.7% during the 4th quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock worth $101,000 after buying an additional 2,022 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Carrols Restaurant Group in the 3rd quarter worth approximately $104,000. Corton Capital Inc. bought a new position in shares of Carrols Restaurant Group in the third quarter valued at approximately $107,000. Finally, Aigen Investment Management LP acquired a new position in shares of Carrols Restaurant Group during the third quarter valued at approximately $117,000. Institutional investors and hedge funds own 86.80% of the company’s stock.

Carrols Restaurant Group Stock Performance

Shares of TAST opened at $9.53 on Wednesday. The business’s 50-day moving average price is $9.49 and its 200 day moving average price is $8.53. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of $546.83 million, a P/E ratio of 18.33 and a beta of 2.48. Carrols Restaurant Group, Inc. has a 1-year low of $3.67 and a 1-year high of $9.54.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $470.36 million for the quarter, compared to the consensus estimate of $470.41 million. Carrols Restaurant Group had a net margin of 1.80% and a return on equity of 19.41%. Analysts expect that Carrols Restaurant Group, Inc. will post 0.64 earnings per share for the current year.

Carrols Restaurant Group Dividend Announcement

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

Analyst Upgrades and Downgrades

TAST has been the subject of several research analyst reports. Truist Financial restated a “hold” rating and issued a $9.55 price objective (down previously from $10.00) on shares of Carrols Restaurant Group in a report on Monday, January 22nd. Stephens reaffirmed an “equal weight” rating and issued a $9.55 price objective (down previously from $13.00) on shares of Carrols Restaurant Group in a research note on Tuesday, January 16th. Craig Hallum reissued a “hold” rating on shares of Carrols Restaurant Group in a research note on Wednesday, January 17th. Finally, StockNews.com began coverage on shares of Carrols Restaurant Group in a research report on Wednesday, May 1st. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Carrols Restaurant Group currently has an average rating of “Hold” and a consensus target price of $8.87.

Carrols Restaurant Group Company 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.