BTIG Starts Coverage On Wingstop (WING) with $59.0000 Target; Trafelet Brokaw Capital Management LP Trimmed Carrols Restaurant Group (TAST) Position By $1.39 Million

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

The firm BTIG has began coverage on Wingstop (NASDAQ:WING)‘s stock, rating it a Buy while giving it the PT at $59.0000.

Trafelet Brokaw Capital Management Lp decreased Carrols Restaurant Group Inc (TAST) stake by 14.25% reported in 2017Q4 SEC filing. Trafelet Brokaw Capital Management Lp sold 115,872 shares as Carrols Restaurant Group Inc (TAST)’s stock declined 9.68%. The Trafelet Brokaw Capital Management Lp holds 697,291 shares with $8.47M value, down from 813,163 last quarter. Carrols Restaurant Group Inc now has $382.71 million valuation. It closed at $10.8 lastly. It is down 18.84% since April 21, 2017 and is downtrending. It has underperformed by 30.39% the S&P500.

Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. The company has market cap of $1.48 billion. The Company’s restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. It has a 54.58 P/E ratio. As of March 06, 2017, the firm operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, and the United Arab Emirates.

Analysts await Wingstop Inc. (NASDAQ:WING) to report earnings on May, 3 after the close. They expect $0.20 EPS, down 9.09% or $0.02 from last year’s $0.22 per share. WING’s profit will be $5.83 million for 63.45 P/E if the $0.20 EPS becomes a reality. After $0.17 actual EPS reported by Wingstop Inc. for the previous quarter, Wall Street now forecasts 17.65% EPS growth.

Among 16 analysts covering Wingstop (NASDAQ:WING), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. Wingstop has $59 highest and $25 lowest target. $45.86’s average target is -9.65% below currents $50.76 stock price. Wingstop had 55 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Friday, February 23 with “Buy”. On Tuesday, August 22 the stock rating was maintained by Jefferies with “Hold”. The stock of Wingstop Inc. (NASDAQ:WING) has “Hold” rating given on Friday, February 23 by Deutsche Bank. The stock of Wingstop Inc. (NASDAQ:WING) has “Buy” rating given on Tuesday, February 6 by Cowen & Co. The stock of Wingstop Inc. (NASDAQ:WING) has “Equal-Weight” rating given on Friday, August 4 by Barclays Capital. SunTrust maintained the shares of WING in report on Thursday, November 2 with “Buy” rating. The stock of Wingstop Inc. (NASDAQ:WING) earned “Buy” rating by Stifel Nicolaus on Friday, November 3. As per Thursday, October 8, the company rating was initiated by SunTrust. Cowen & Co maintained it with “Buy” rating and $3600 target in Monday, June 26 report. The stock has “Outperform” rating by Cowen & Co on Tuesday, April 19.

The stock decreased 0.14% or $0.07 during the last trading session, reaching $50.76. About 486,083 shares traded. Wingstop Inc. (NASDAQ:WING) has risen 89.00% since April 21, 2017 and is uptrending. It has outperformed by 77.45% the S&P500.

Among 3 analysts covering Carrols Restaurant Group (NASDAQ:TAST), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Carrols Restaurant Group had 5 analyst reports since January 29, 2016 according to SRatingsIntel. On Monday, March 5 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Outperform” rating on Tuesday, September 26 by Raymond James. The firm has “Buy” rating given on Monday, November 20 by Citigroup.

Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.13, from 1.11 in 2017Q3. It improved, as 12 investors sold TAST shares while 30 reduced holdings. 23 funds opened positions while 29 raised stakes. 30.34 million shares or 0.45% less from 30.47 million shares in 2017Q3 were reported. 186,438 are owned by Victory Capital Mngmt. Meeder Asset Mngmt holds 157 shares or 0% of its portfolio. Moreover, Menta Limited Liability Co has 0.17% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 72,133 shares. Financial Bank Of America De stated it has 0% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Moreover, Cannell Cap Limited Liability Co has 6.03% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 1.71M shares. Advisors Asset Inc accumulated 18,026 shares or 0% of the stock. 423,630 are owned by Numeric Limited Liability Company. Cornerstone Cap Mgmt Ltd invested in 171,116 shares. 2.35 million are owned by Blackrock Inc. Sei Invests Co stated it has 0% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Teacher Retirement Sys Of Texas holds 11,945 shares. Cove Street Capital Ltd Liability Corporation stated it has 2.16% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Ny State Common Retirement Fund holds 35,400 shares or 0% of its portfolio. Citigroup, a New York-based fund reported 41,035 shares. State Board Of Administration Of Florida Retirement reported 0% in Carrols Restaurant Group, Inc. (NASDAQ:TAST).

Since December 14, 2017, it had 0 insider purchases, and 1 insider sale for $32,000 activity. Shares for $32,000 were sold by Flanders Paul R on Thursday, December 14.

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