Carrols Restaurant Group (TAST) : Trafelet Brokaw Capital Management reduced its stake in Carrols Restaurant Group by 14.16% during the most recent quarter end. The investment management company now holds a total of 759,185 shares of Carrols Restaurant Group which is valued at $9,565,731 after selling 125,282 shares in Carrols Restaurant Group , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Carrols Restaurant Group makes up approximately 7.31% of Trafelet Brokaw Capital Management’s portfolio.
Other Hedge Funds, Including , Prospect Capital Advisors boosted its stake in TAST in the latest quarter, The investment management firm added 226,550 additional shares and now holds a total of 266,650 shares of Carrols Restaurant Group which is valued at $3,359,790. Carrols Restaurant Group makes up approx 2.36% of Prospect Capital Advisors’s portfolio.Blackrock Investment Management reduced its stake in TAST by selling 513 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 138,254 shares of TAST which is valued at $1,728,175.Ubs Asset Management Americas Inc boosted its stake in TAST in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 16,324 shares of Carrols Restaurant Group which is valued at $201,601.Nationwide Fund Advisors boosted its stake in TAST in the latest quarter, The investment management firm added 7,800 additional shares and now holds a total of 30,659 shares of Carrols Restaurant Group which is valued at $395,808.
Carrols Restaurant Group opened for trading at $12.8 and hit $13.4 on the upside on Monday, eventually ending the session at $13.35, with a gain of 4.71% or 0.6 points. The heightened volatility saw the trading volume jump to 2,45,957 shares. Company has a market cap of $478 M.
On the company’s financial health, Carrols Restaurant Group reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Nov 8, 2016. Analyst had a consensus of $0.18. The company had revenue of $238.90 million for the quarter, compared to analysts expectations of $240.92 million. The company’s revenue was up 9.7% compared to the same quarter last year.
Carrols Restaurant Group Inc. is a holding company and conducts all of its operations through its direct and indirect subsidiaries. The Company’s subsidiaries include Carrols LLC and Carrols Corporation. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. It is a Burger King franchisee and operates Burger King restaurants. As of December 28 2014 the Company owned and operated 674 Burger King restaurants located in 15 Northeastern Midwestern and Southeastern states. Burger King restaurants feature the flame-broiled Whopper sandwich as well as a range of hamburgers chicken and other specialty sandwiches French fries salads breakfast items snacks smoothies frappes and other offerings. As of December 28 2014 the Company owned 10 and leased 664 Burger King restaurant properties including seven restaurants located in mall shopping centers two restaurants located on military bases and 21 co-branded locations.