AJOVista LLC Makes New $76,000 Investment in Carrols Restaurant Group, Inc. (NASDAQ:TAST)

AJOVista LLC bought a new position in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) during the fourth quarter, Holdings Channel.com reports. The fund bought 9,661 shares of the restaurant operator’s stock, valued at approximately $76,000.

A number of other hedge funds also recently modified their holdings of TAST. Acadian Asset Management LLC lifted its position in shares of Carrols Restaurant Group by 44.7% during the third quarter. Acadian Asset Management LLC now owns 859,120 shares of the restaurant operator’s stock worth $5,660,000 after purchasing an additional 265,482 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Carrols Restaurant Group by 181.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,177 shares of the restaurant operator’s stock valued at $3,033,000 after buying an additional 296,473 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Carrols Restaurant Group in the third quarter valued at approximately $2,230,000. Allspring Global Investments Holdings LLC raised its position in shares of Carrols Restaurant Group by 447,334.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 286,358 shares of the restaurant operator’s stock valued at $2,257,000 after buying an additional 286,294 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Carrols Restaurant Group by 10.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 267,946 shares of the restaurant operator’s stock worth $1,766,000 after acquiring an additional 25,000 shares during the period. Institutional investors own 86.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TAST shares. Truist Financial reiterated a “hold” rating and issued a $9.55 price target (down previously from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Craig Hallum reissued a “hold” rating on shares of Carrols Restaurant Group in a report on Wednesday, January 17th. Stephens reiterated an “equal weight” rating and issued a $9.55 price objective (down from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. Finally, StockNews.com assumed coverage on shares of Carrols Restaurant Group in a report on Wednesday. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.87.

Carrols Restaurant Group Stock Performance

Shares of TAST remained flat at $9.52 during mid-day trading on Friday. 442,183 shares of the company’s stock were exchanged, compared to its average volume of 464,511. Carrols Restaurant Group, Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $9.54. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.41 and a current ratio of 0.49. The firm has a market capitalization of $546.26 million, a price-to-earnings ratio of 18.31 and a beta of 2.48. The business’s 50 day moving average price is $9.49 and its two-hundred day moving average price is $8.45.

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

Carrols Restaurant Group Announces Dividend

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

About Carrols Restaurant Group

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.