AJOVista LLC Purchases Shares of 9,661 Carrols Restaurant Group, Inc. (NASDAQ:TAST)

AJOVista LLC purchased a new position in Carrols Restaurant Group, Inc. (NASDAQ:TAST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,661 shares of the restaurant operator’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TAST. Los Angeles Capital Management LLC purchased a new position in Carrols Restaurant Group in the fourth quarter worth about $535,000. Semanteon Capital Management LP bought a new position in shares of Carrols Restaurant Group in the 4th quarter valued at about $687,000. Cornerstone Investment Partners LLC bought a new stake in shares of Carrols Restaurant Group during the 4th quarter worth approximately $161,000. Federated Hermes Inc. increased its holdings in Carrols Restaurant Group by 73.6% during the 4th 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 during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Carrols Restaurant Group by 18.7% during the fourth quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 2,022 shares in the last quarter. Hedge funds and other institutional investors own 86.80% of the company’s stock.

Carrols Restaurant Group Price Performance

Shares of NASDAQ TAST remained flat at $9.52 during midday trading on Friday. The stock had a trading volume of 442,183 shares, compared to its average volume of 464,511. 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, Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $9.54. The business has a fifty day moving average of $9.49 and a two-hundred day moving average of $8.45. The company has a market cap of $546.26 million, a P/E ratio of 18.31 and a beta of 2.48.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Friday, March 8th. The restaurant operator reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm 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%. On average, research analysts forecast that Carrols Restaurant Group, Inc. will post 0.64 EPS for the current year.

Carrols Restaurant Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TAST. Stephens reissued an “equal weight” rating and set a $9.55 price target (down from $13.00) on shares of Carrols Restaurant Group in a research report on Tuesday, January 16th. Truist Financial reaffirmed a “hold” rating and set a $9.55 price objective (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 research report on Wednesday, January 17th. Finally, StockNews.com started coverage on Carrols Restaurant Group in a research report on Wednesday. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Carrols Restaurant Group currently has a consensus rating of “Hold” and a consensus price target 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.