Semanteon Capital Management LP Acquires New Stake in Carrols Restaurant Group, Inc. (NASDAQ:TAST)

Semanteon Capital Management LP acquired a new stake in shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 87,206 shares of the restaurant operator's stock, valued at approximately $687,000. Semanteon Capital Management LP owned 0.16% of Carrols Restaurant Group as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cornerstone Investment Partners LLC purchased a new stake in shares of Carrols Restaurant Group in the 4th quarter worth $161,000. Federated Hermes Inc. lifted its holdings in shares of Carrols Restaurant Group by 73.6% in the 4th quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator's stock worth $26,000 after buying an additional 1,381 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Carrols Restaurant Group by 18.7% in the 4th quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator's stock worth $101,000 after buying an additional 2,022 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Carrols Restaurant Group by 447,334.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 286,358 shares of the restaurant operator's stock worth $2,257,000 after buying an additional 286,294 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Carrols Restaurant Group by 27.6% in the 4th quarter. SG Americas Securities LLC now owns 20,092 shares of the restaurant operator's stock worth $158,000 after buying an additional 4,348 shares during the period. Hedge funds and other institutional investors own 86.80% of the company's stock.

Carrols Restaurant Group Stock Performance

NASDAQ:TAST remained flat at $9.51 during mid-day trading on Friday. The company had a trading volume of 378,133 shares, compared to its average volume of 928,152. The stock has a fifty day moving average of $9.48 and a two-hundred day moving average of $8.27. Carrols Restaurant Group, Inc. has a 12 month low of $3.67 and a 12 month high of $9.54. The company has a market cap of $545.68 million, a P/E ratio of 18.31 and a beta of 2.50. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 2.28.

Carrols Restaurant Group (NASDAQ:TAST - Get Free Report) last announced its earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Carrols Restaurant Group had a return on equity of 19.41% and a net margin of 1.80%. The company had revenue of $470.36 million for the quarter, compared to analyst estimates of $470.41 million. On average, research analysts expect that Carrols Restaurant Group, Inc. will post 0.64 earnings per share for the current fiscal year.

Carrols Restaurant Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 11th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, March 8th. Carrols Restaurant Group's dividend payout ratio is presently 15.38%.

Wall Street Analysts Forecast Growth

TAST has been the subject of several research reports. Stephens reiterated an "equal weight" rating and issued a $9.55 target price (down from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. Truist Financial restated a "hold" rating and set a $9.55 price objective (down from $10.00) on shares of Carrols Restaurant Group in a research note on Monday, January 22nd. StockNews.com assumed coverage on Carrols Restaurant Group in a research note on Tuesday. They set a "buy" rating for the company. Finally, Craig Hallum restated a "hold" rating on shares of Carrols Restaurant Group in a research note on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $8.87.

Carrols Restaurant Group Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates restaurants in the United States. It operates quick service restaurants as a franchisee under the Burger King and Popeyes brands in 23 Northeastern, Midwestern, Southcentral, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.

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