Semanteon Capital Management LP Acquires New Stake in Carrols Restaurant Group, Inc. (NASDAQ:TAST)

Semanteon Capital Management LP acquired a new stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 87,206 shares of the restaurant operator’s stock, valued at approximately $687,000. Semanteon Capital Management LP owned 0.16% of Carrols Restaurant Group as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cornerstone Investment Partners LLC purchased a new stake in shares of Carrols Restaurant Group in the 4th quarter worth $161,000. Federated Hermes Inc. lifted its holdings in shares of Carrols Restaurant Group by 73.6% in the 4th quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock worth $26,000 after buying an additional 1,381 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Carrols Restaurant Group by 18.7% in 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 during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Carrols Restaurant Group by 447,334.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 286,358 shares of the restaurant operator’s stock worth $2,257,000 after buying an additional 286,294 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Carrols Restaurant Group by 27.6% in the 4th quarter. SG Americas Securities LLC now owns 20,092 shares of the restaurant operator’s stock worth $158,000 after buying an additional 4,348 shares during the period. Hedge funds and other institutional investors own 86.80% of the company’s stock.

Carrols Restaurant Group Stock Performance

NASDAQ:TAST remained flat at $9.51 during mid-day trading on Friday. The company had a trading volume of 378,133 shares, compared to its average volume of 928,152. The stock has a fifty day moving average of $9.48 and a two-hundred day moving average of $8.27. Carrols Restaurant Group, Inc. has a 12 month low of $3.67 and a 12 month high of $9.54. The company has a market cap of $545.68 million, a P/E ratio of 18.31 and a beta of 2.50. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 2.28.

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

Carrols Restaurant Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 11th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, March 8th. Carrols Restaurant Group’s dividend payout ratio is presently 15.38%.

Wall Street Analysts Forecast Growth

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