Insider Activity: Carrols Restaurant Group, Inc. (NASDAQ:TAST)’s Stock Insider Deal – Daniel Accordino Sells 25,000 Shares

November 28, 2016 - By Dolores Ford

Insider Activity: Carrols Restaurant Group, Inc. (NASDAQ:TAST)'s Stock Insider Deal   Daniel Accordino Sells 25,000 Shares

Daniel Accordino Insider Sell

The insider, and Carrols Restaurant Group Inc’s CEO and President, Daniel Accordino, unloaded 25,000 company shares on 28-11-2016, that are worth around $345,865 (at $13.8 for a share). Daniel Accordino now indirectly has in hand 0 shares. He also directly has in hand 1066640 shares. In total he holds a stake of 3.08%.

Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 0.17, from 1.05 in 2016Q1. The ratio fall, 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.

The Delaware-based Blackrock Advsrs Ltd Liability Com has invested 0% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Numeric Investors Limited Com accumulated 0% or 30,100 shares. Parametric Associate Ltd Limited Liability Company has invested 0% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Alliancebernstein Ltd Partnership holds 39,800 shares or 0% of its portfolio. Moreover, Coe Capital Management Ltd Liability Corporation has 0% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 30,846 shares. First Manhattan has 0.21% invested in the company for 2.86M shares. Croft, a Alabama-based fund reported 40,000 shares. Vanguard Group holds 0% or 1.68 million shares in its portfolio. Metropolitan Life Ins New York holds 26,422 shares or 0% of its portfolio. Hartford Management holds 0.11% or 434,747 shares in its portfolio. Envestnet Asset Mngmt holds 26,267 shares or 0% of its portfolio. The Florida-based Private Mgmt Lc has invested 2.3% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Gilder Gagnon Howe & Limited Liability Company accumulated 907,021 shares or 0.21% of the stock. Ubs Oconnor Lc has invested 0% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Nationwide Fund Advsrs, a Pennsylvania-based fund reported 30,659 shares.

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

About 148,564 shares traded hands. Carrols Restaurant Group, Inc. (NASDAQ:TAST) has declined 2.64% since April 25, 2016 and is downtrending. It has underperformed by 8.65% the S&P500.

Carrols Restaurant Group, Inc. is a holding company. The company has a market cap of $480.20 million. The Firm conducts all of its activities through its direct and indirect subsidiaries. It has a 35.96 P/E ratio. The Firm operates in the hamburger category of the quick-service restaurant segment of the restaurant industry.

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.”

Analysts await Carrols Restaurant Group, Inc. (NASDAQ:TAST) to report earnings on March, 2. They expect $0.09 earnings per share, down 50.00% or $0.09 from last year’s $0.18 per share. TAST’s profit will be $3.20M for 37.56 P/E if the $0.09 EPS becomes a reality. After $0.13 actual earnings per share reported by Carrols Restaurant Group, Inc. for the previous quarter, Wall Street now forecasts -30.77% negative EPS growth.

More notable recent Carrols Restaurant Group, Inc. (NASDAQ:TAST) news were published by: Businesswire.com which released: “Carrols Restaurant Group, Inc. to Announce Third Quarter 2016 Financial ..” on October 20, 2016, also Businesswire.com with their article: “Carrols Restaurant Group, Inc. Completes the Acquisition of Six Burger King ..” published on May 26, 2016, Businesswire.com published: “Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter ..” on November 08, 2016. More interesting news about Carrols Restaurant Group, Inc. (NASDAQ:TAST) were released by: Businesswire.com and their article: “Carrols Restaurant Group, Inc. Completes the Acquisition of Three BURGER KING ..” published on October 04, 2016 as well as Businesswire.com‘s news article titled: “Carrols Restaurant Group, Inc. Completes the Acquisition of Seven BURGER KING ..” with publication date: August 24, 2016.

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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