What’s Next for Carrols Restaurant Group Inc (NASDAQ:TAST) After Having More Shares Shorted?

September 30, 2018 - By William Brooks

Carrols Restaurant Group, Inc. (NASDAQ:TAST) Logo

Investors sentiment increased to 1.6 in Q2 2018. Its up 0.26, from 1.34 in 2018Q1. It increased, as 11 investors sold Carrols Restaurant Group, Inc. shares while 32 reduced holdings. 29 funds opened positions while 40 raised stakes. 29.56 million shares or 5.80% more from 27.93 million shares in 2018Q1 were reported.
Bridgecreek Invest Management Ltd Co invested in 0.03% or 10,340 shares. Caprock Group holds 0.04% or 13,930 shares. 34,415 are owned by Creative Planning. Piedmont Advsrs Limited Liability Corp has invested 0% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Mackay Shields Ltd Liability Corporation holds 0.03% or 246,916 shares. Comml Bank Of Mellon Corporation invested in 175,569 shares or 0% of the stock. Art Advisors Limited Liability Corp accumulated 83,500 shares or 0.05% of the stock. Citigroup holds 0% or 29,748 shares. Gsa Cap Partners Ltd Liability Partnership stated it has 0.04% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Monarch Ptnrs Asset Ltd Liability holds 320,640 shares. Prelude Cap Mgmt Ltd Limited Liability Company owns 0.2% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 211,813 shares. Retail Bank Of America Corp De reported 85,211 shares stake. 176,886 were reported by Victory Cap Mgmt. Geode Capital Management Ltd Liability Corp holds 0% or 330,824 shares. International Grp Inc Inc reported 22,633 shares.

Since August 10, 2018, it had 0 buys, and 5 sales for $1.00 million activity. On Tuesday, August 21 the insider Myers William E sold $32,200.

The stock of Carrols Restaurant Group Inc (NASDAQ:TAST) registered an increase of 3.92% in short interest. TAST’s total short interest was 1.18 million shares in September as published by FINRA. Its up 3.92% from 1.13 million shares, reported previously. With 195,100 shares average volume, it will take short sellers 6 days to cover their TAST’s short positions.

The stock increased 1.74% or $0.25 during the last trading session, reaching $14.6. About 186,408 shares traded. Carrols Restaurant Group, Inc. (NASDAQ:TAST) has risen 33.78% since September 30, 2017 and is uptrending. It has outperformed by 18.16% the S&P500.

Carrols Restaurant Group, Inc., through its subsidiaries, operates franchisee restaurants of Burger King. The company has market cap of $521.55 million. As of March 2, 2017, it operated 790 Burger King restaurants in the United States. It has a 58.63 P/E ratio.

Carrols Restaurant Group, Inc. (NASDAQ:TAST) Ratings Coverage

Among 2 analysts covering Carrols Restaurant Group (NASDAQ:TAST), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Carrols Restaurant Group had 3 analyst reports since May 23, 2018 according to SRatingsIntel. The company was maintained on Monday, August 13 by Citigroup. Citigroup maintained the stock with “Buy” rating in Monday, June 25 report.

More news for Carrols Restaurant Group, Inc. (NASDAQ:TAST) were recently published by: Seekingalpha.com, which released: “Evacuations begin as Hurricane Florence heads for Atlantic Coast” on September 11, 2018. 247Wallst.com‘s article titled: “SunTrust Asks ‘Where’s the Beef?’ Try These 3 Restaurant Stocks” and published on September 27, 2018 is yet another important article.

Carrols Restaurant Group, Inc. (NASDAQ:TAST) Institutional Positions Chart

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