Notable Reporting: Is Selling Carrols Restaurant Group, Inc. Here a Winning Strategy?

Notable Reporting: Is Selling Carrols Restaurant Group, Inc. Here a Winning Strategy?

The stock of Carrols Restaurant Group, Inc. (NASDAQ:TAST) is a huge mover today! About 1.16M shares traded hands or 461.32% up from the average. Carrols Restaurant Group, Inc. (NASDAQ:TAST) has declined 14.50% since April 6, 2016 and is downtrending. It has underperformed by 16.46% the S&P500.
The move comes after 5 months negative chart setup for the $407.14M company. It was reported on Nov, 8 by Barchart.com. We have $9.66 PT which if reached, will make NASDAQ:TAST worth $57.00M less.

According to Zacks Investment Research, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.73, from 1.78 in 2016Q1. The ratio dived, as 26 funds sold all Carrols Restaurant Group, Inc. shares owned while 39 reduced positions. 12 funds bought stakes while 56 increased positions. They now own 25.25 million shares or 12.64% less from 28.90 million shares in 2016Q1.
Loomis Sayles & Ltd Partnership has 0.02% invested in the company for 636,160 shares. The Illinois-based Coe Capital Mngmt Ltd Liability has invested 0% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Gruss Comm, a Florida-based fund reported 118,959 shares. Spark Inv Management Lc holds 78,800 shares or 0.09% of its portfolio. G2 Inv Prns Mngmt Limited Liability Corporation, a New York-based fund reported 145,738 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Nordea Investment Mgmt has 0% invested in the company for 81,700 shares. Putnam Investments Ltd has 48,235 shares for 0% of their US portfolio. Aqr Cap Limited Com holds 0% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 150,107 shares. Ladenburg Thalmann Fin Serv, a Florida-based fund reported 2,259 shares. Prudential Fincl Inc reported 84,681 shares or 0% of all its holdings. Manufacturers Life Ins Comm The owns 25,119 shares or 0% of their US portfolio. Qs Invsts Limited Liability holds 0.01% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 76,100 shares. The New Jersey-based Highlander Capital Mgmt Ltd Com has invested 0.38% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Citadel Advisors Ltd Liability Company owns 80,239 shares or 0% of their US portfolio.

Insider Transactions: Since September 2, 2016, the stock had 0 insider buys, and 1 insider sale for $54,443 net activity. LaLonde Timothy also sold $54,443 worth of Carrols Restaurant Group, Inc. (NASDAQ:TAST) shares.

More important recent Carrols Restaurant Group, Inc. (NASDAQ:TAST) news were published by: Businesswire.com which released: “Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter …” on November 08, 2016, also Businesswire.com published article titled: “Carrols Restaurant Group, Inc. to Announce Third Quarter 2016 Financial …”, Businesswire.com published: “Carrols Restaurant Group, Inc. Completes the Acquisition of Six Burger King …” on May 26, 2016. More interesting news about Carrols Restaurant Group, Inc. (NASDAQ:TAST) was released by: Businesswire.com and their article: “Carrols Restaurant Group, Inc. Completes the Acquisition of 46 BURGER KING …” with publication date: December 09, 2015.

TAST Company Profile

Carrols Restaurant Group, Inc., incorporated on September 15, 1986, is a holding company. The Firm conducts all of its activities through its direct and indirect subsidiaries. The Firm operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company’s subsidiaries include Carrols LLC and Carrols Corporation.

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