Time to Sell Carrols Restaurant Group, Inc. (TAST) After The Completion of This Bearish Double Bottom Pattern?

September 13, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.11, from 0.88 in 2016Q3. It dived, as 19 investors sold Carrols Restaurant Group, Inc. shares while 46 reduced holdings. 11 funds opened positions while 39 raised stakes. 29.31 million shares or 0.01% less from 29.31 million shares in 2016Q3 were reported.
Royal Bancorp Of Canada owns 2,341 shares. Advsrs Asset Mngmt Inc reported 36,397 shares. Cannell Capital Limited Company holds 4.64% or 954,217 shares. Millennium Mgmt Ltd reported 163,880 shares stake. Highbridge Capital Ltd Liability Co invested 0.01% of its portfolio in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Pennsylvania-based Vanguard Group has invested 0% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). State Board Of Administration Of Florida Retirement holds 18,290 shares. State Street Corp holds 577,425 shares or 0% of its portfolio. Moreover, Eqis Cap Mngmt has 0.01% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Retail Bank Of America Corporation De holds 230,836 shares or 0% of its portfolio. Us Bancshares De owns 0% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 3,011 shares. Hsbc Public Limited Company holds 11,349 shares. Brown Advisory owns 0.08% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 1.55 million shares. Private Capital Mngmt Lc invested in 2.87% or 1.22M shares. Massachusetts Financial Services Ma stated it has 0% in Carrols Restaurant Group, Inc. (NASDAQ:TAST).

The chart of Carrols Restaurant Group, Inc. (TAST) shows a double bottom with $10.73 target or 4.00 % below today’s $11.18 share price. The 6 months chart pattern indicates high risk for the $404.07M company. It was reported on Sep, 13 by Finviz.com. If the $10.73 price target is reached, the company will be worth $16.16 million less. Double bottoms are rare but powerful chart patterns.

About 128,705 shares traded. Carrols Restaurant Group, Inc. (NASDAQ:TAST) has risen 0.56% since September 13, 2016 and is uptrending. It has underperformed by 16.14% the S&P500.

More notable recent Carrols Restaurant Group, Inc. (NASDAQ:TAST) news were published by: Fool.com which released: “What happened with Carrols Restaurant Group this quarter?” on May 09, 2017, also Businesswire.com with their article: “Carrols Restaurant Group, Inc. Signs Agreement to Purchase 43 BURGER KING” published on December 21, 2016, Seekingalpha.com published: “Carrols Restaurant Group’s (TAST) CEO Dan Accordino on Q1 2017 Results …” on May 12, 2017. More interesting news about Carrols Restaurant Group, Inc. (NASDAQ:TAST) were released by: Fool.com and their article: “Carrols Restaurant Group results: The raw numbers” published on August 10, 2017 as well as Bizjournals.com‘s news article titled: “Local Burger King franchisee acquired by New York company” with publication date: June 13, 2017.

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