Victory Capital Management Inc. reduced its stake in Carrols Restaurant Group, Inc. (NASDAQ:TAST) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,336 shares of the restaurant operator’s stock after selling 14,315 shares during the period. Victory Capital Management Inc. owned about 0.35% of Carrols Restaurant Group worth $1,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Markston International LLC raised its position in Carrols Restaurant Group by 129.0% in the first quarter. Markston International LLC now owns 7,100 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 4,000 shares during the period. Stifel Financial Corp acquired a new position in Carrols Restaurant Group during the first quarter valued at about $143,000. GW&K Investment Management LLC acquired a new position in Carrols Restaurant Group during the first quarter valued at about $149,000. Nine Chapters Capital Management LLC acquired a new position in Carrols Restaurant Group during the first quarter valued at about $167,000. Finally, Karp Capital Management Corp acquired a new position in Carrols Restaurant Group during the first quarter valued at about $173,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Institutional Ownership by Quarter for Carrols Restaurant Group (NASDAQ:TAST)

Carrols Restaurant Group, Inc. (TAST) opened at 12.45 on Friday. The company has a 50-day moving average of $12.91 and a 200-day moving average of $14.11. Carrols Restaurant Group, Inc. has a 1-year low of $9.60 and a 1-year high of $17.55. The firm has a market cap of $440.84 million and a price-to-earnings ratio of 15.60.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Tuesday, May 9th. The restaurant operator reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. Carrols Restaurant Group had a net margin of 3.93% and a return on equity of 10.18%. The firm had revenue of $239.90 million during the quarter, compared to the consensus estimate of $236.05 million. The firm’s revenue was up 7.8% compared to the same quarter last year. Analysts predict that Carrols Restaurant Group, Inc. will post $0.30 earnings per share for the current year.

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Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday. Dougherty & Co restated a “buy” rating and issued a $17.00 price target (down previously from $18.50) on shares of Carrols Restaurant Group in a research report on Friday, March 3rd. Finally, ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.

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