Trade Report: Today, 25,000 Shares of Stock are sold by Insider Selling: Carrols Restaurant Group Inc. (TAST) CEO

Today, 25,000 Shares of Stock are sold by Insider Selling: Carrols Restaurant Group Inc. (TAST) CEO

Carrols Restaurant Group Inc. (NASDAQ:TAST) CEO Daniel T. Accordino sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $13.83, for a total transaction of $345,750.00. Following the sale, the chief executive officer now directly owns 1,083,840 shares in the company, valued at approximately $14,989,507.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Carrols Restaurant Group Inc. (NASDAQ:TAST) traded down 1.83% during trading on Monday, hitting $13.40. 148,564 shares of the stock were exchanged. The stock has a market cap of $472.42 million, a PE 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 firm has a 50 day moving average of $12.68 and a 200-day moving average of $12.70.

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

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

Several institutional investors have recently bought and sold shares of the company. Swiss National Bank increased its position in Carrols Restaurant Group by 7.1% in the second quarter. Swiss National Bank now owns 60,324 shares of the company’s stock worth $718,000 after buying an additional 4,000 shares during the last quarter. Cove Street Capital LLC increased its position in Carrols Restaurant Group by 23.3% in the second quarter. Cove Street Capital LLC now owns 2,528,229 shares of the company’s stock worth $30,085,000 after buying an additional 477,037 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in 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 worth $3,147,000 after buying an additional 4,234 shares during the last quarter. 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 last quarter. Finally, Bank of New York Mellon Corp increased its position in Carrols Restaurant Group by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 178,386 shares of the company’s stock worth $2,123,000 after buying an additional 22,712 shares during the last quarter. 84.21% of the stock is currently owned by institutional investors.

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