Today, 25,000 Shares of Stock are sold by Carrols Restaurant Group Inc. (TAST) CEO Daniel T. Accordino

Today, 25,000 Shares of Stock are sold by Carrols Restaurant Group Inc. (TAST) CEO Daniel T. Accordino

Carrols Restaurant Group Inc. (NASDAQ:TAST) CEO Daniel T. Accordino sold 25,000 shares of Carrols Restaurant Group stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $13.83, for a total transaction of $345,750.00. Following the completion of the transaction, the chief executive officer now owns 1,083,840 shares in the company, valued at $14,989,507.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Carrols Restaurant Group Inc. (NASDAQ:TAST) opened at 13.40 on Tuesday. The firm has a market capitalization of $472.42 million, a price-to-earnings ratio of 31.02 and a beta of -0.19. Carrols Restaurant Group Inc. has a 52 week low of $9.60 and a 52 week high of $14.80. The stock’s 50 day moving average is $12.70 and its 200-day moving average is $12.68.

Carrols Restaurant Group (NASDAQ:TAST) last announced its earnings results on Tuesday, November 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.05. The firm earned $238.90 million during the quarter, compared to analysts’ expectations of $244.87 million. Carrols Restaurant Group had a net margin of 2.47% and a return on equity of 23.60%. The business’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Carrols Restaurant Group Inc. will post $0.55 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in TAST. TIAA CREF Investment Management LLC increased its position in shares of Carrols Restaurant Group by 2.0% in the first quarter. TIAA CREF Investment Management LLC now owns 217,968 shares of the company’s stock valued at $3,147,000 after buying an additional 4,234 shares during the period. Renaissance Technologies LLC increased its position in Carrols Restaurant Group by 34.3% in the first quarter. Renaissance Technologies LLC now owns 1,234,300 shares of the company’s stock worth $17,823,000 after buying an additional 315,400 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Carrols Restaurant Group during the first quarter worth approximately $304,000. LPL Financial LLC bought a new position in Carrols Restaurant Group during the first quarter worth approximately $1,055,000. Finally, Boothbay Fund Management LLC bought a new position in Carrols Restaurant Group during the first quarter worth approximately $187,000. Institutional investors and hedge funds own 84.21% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Thursday, September 15th.

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