Semanteon Capital Management LP Takes $687,000 Position in Carrols Restaurant Group, Inc. (NASDAQ:TAST)

Semanteon Capital Management LP purchased a new stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 87,206 shares of the restaurant operator’s stock, valued at approximately $687,000.

A number of other hedge funds also recently made changes to their positions in TAST. Federated Hermes Inc. raised its holdings in Carrols Restaurant Group by 73.6% during the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 1,381 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Carrols Restaurant Group by 18.7% during the fourth quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 2,022 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Carrols Restaurant Group by 14.3% during the third quarter. Ritholtz Wealth Management now owns 16,243 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 2,033 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Carrols Restaurant Group by 11.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 36,784 shares of the restaurant operator’s stock worth $242,000 after purchasing an additional 3,860 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Carrols Restaurant Group by 27.6% during the fourth quarter. SG Americas Securities LLC now owns 20,092 shares of the restaurant operator’s stock worth $158,000 after purchasing an additional 4,348 shares in the last quarter. Institutional investors own 86.80% of the company’s stock.

Analysts Set New Price Targets

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

Carrols Restaurant Group Price Performance

NASDAQ TAST remained flat at $9.51 on Friday. 378,133 shares of the company’s stock traded hands, compared to its average volume of 928,152. Carrols Restaurant Group, Inc. has a 12-month low of $3.67 and a 12-month high of $9.54. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market cap of $545.68 million, a P/E ratio of 18.31 and a beta of 2.50. The business’s 50-day moving average price is $9.48 and its 200-day moving average price is $8.27.

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 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%. Equities analysts predict that Carrols Restaurant Group, Inc. will post 0.64 EPS for the current fiscal year.

Carrols Restaurant Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 11th were issued 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 is presently 15.38%.

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.