Trafelet Brokaw Capital Management buys $11,774,698 stake in Carrols Restaurant Group (TAST)

Carrols Restaurant Group (TAST) : Trafelet Brokaw Capital Management scooped up 20,000 additional shares in Carrols Restaurant Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 859,467 shares of Carrols Restaurant Group which is valued at $11,774,698.Carrols Restaurant Group makes up approximately 9.69% of Trafelet Brokaw Capital Management’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in TAST in the latest quarter, The investment management firm added 1,830 additional shares and now holds a total of 26,425 shares of Carrols Restaurant Group which is valued at $362,023.Moors Cabot boosted its stake in TAST in the latest quarter, The investment management firm added 1,441 additional shares and now holds a total of 12,841 shares of Carrols Restaurant Group which is valued at $176,435. Carrols Restaurant Group makes up approx 0.03% of Moors Cabot’s portfolio. Turner Investments sold out all of its stake in TAST during the most recent quarter. The investment firm sold 107,000 shares of TAST which is valued $1,309,680.California Public Employees Retirement System reduced its stake in TAST by selling 25,500 shares or 11.46% in the most recent quarter. The Hedge Fund company now holds 197,000 shares of TAST which is valued at $2,373,850.

Carrols Restaurant Group closed down -0.07 points or -0.52% at $13.39 with 2,57,637 shares getting traded on Thursday. Post opening the session at $13.5, the shares hit an intraday low of $13.31 and an intraday high of $13.71 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Carrols Restaurant Group Inc. is a holding company and conducts all of its operations through its direct and indirect subsidiaries. The Company’s subsidiaries include Carrols LLC and Carrols Corporation. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. It is a Burger King franchisee and operates Burger King restaurants. As of December 28 2014 the Company owned and operated 674 Burger King restaurants located in 15 Northeastern Midwestern and Southeastern states. Burger King restaurants feature the flame-broiled Whopper sandwich as well as a range of hamburgers chicken and other specialty sandwiches French fries salads breakfast items snacks smoothies frappes and other offerings. As of December 28 2014 the Company owned 10 and leased 664 Burger King restaurant properties including seven restaurants located in mall shopping centers two restaurants located on military bases and 21 co-branded locations.

Leave a Reply

Carrols Restaurant Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Carrols Restaurant Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.