Penn Natl Gaming (PENN) Shares Declined While Waterfront Capital Partners Trimmed Its Stake; Trafelet Brokaw Capital Management LP Has Lowered Holding in Carrols Restaurant Group (TAST) as Shares Declined

May 18, 2018 - By William Brooks

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

Remy Trafelet decreased its stake in Carrols Restaurant Group Inc (TAST) by 14.25% based on its latest 2017Q4 regulatory filing with the SEC. Trafelet Brokaw Capital Management Lp sold 115,872 shares as the company’s stock declined 9.68% with the market. The hedge fund run by Remy Trafelet held 697,291 shares of the consumer services company at the end of 2017Q4, valued at $8.47M, down from 813,163 at the end of the previous reported quarter. Trafelet Brokaw Capital Management Lp who had been investing in Carrols Restaurant Group Inc for a number of months, seems to be less bullish one the $424.42M market cap company. The stock increased 0.85% or $0.1 during the last trading session, reaching $11.85. About 176,492 shares traded. Carrols Restaurant Group, Inc. (NASDAQ:TAST) has declined 18.84% since May 18, 2017 and is downtrending. It has underperformed by 30.39% the S&P500.

Eduardo Abush decreased its stake in Penn Natl Gaming Inc (PENN) by 42.18% based on its latest 2017Q4 regulatory filing with the SEC. Waterfront Capital Partners Llc sold 405,445 shares as the company’s stock declined 14.09% with the market. The hedge fund run by Eduardo Abush held 555,686 shares of the consumer services company at the end of 2017Q4, valued at $17.41M, down from 961,131 at the end of the previous reported quarter. Waterfront Capital Partners Llc who had been investing in Penn Natl Gaming Inc for a number of months, seems to be less bullish one the $3.24B market cap company. The stock increased 3.32% or $1.14 during the last trading session, reaching $35.45. About 2.44M shares traded or 55.27% up from the average. Penn National Gaming, Inc. (NASDAQ:PENN) has risen 43.04% since May 18, 2017 and is uptrending. It has outperformed by 31.49% the S&P500.

More notable recent Penn National Gaming, Inc. (NASDAQ:PENN) news were published by: Seekingalpha.com which released: “4 Gaming Stocks For Second Half Of 2018” on May 17, 2018, also Seekingalpha.com with their article: “Post-earnings rip for Penn National Gaming” published on April 26, 2018, Seekingalpha.com published: “Solid results from Pinnacle as merger approaches” on May 09, 2018. More interesting news about Penn National Gaming, Inc. (NASDAQ:PENN) were released by: Nasdaq.com and their article: “Consolidated Research: 2018 Summary Expectations for Penn National Gaming, Hortonworks, Tempur Sealy …” published on May 14, 2018 as well as Investorplace.com‘s news article titled: “10 Sports Betting Stocks to Sink Your Teeth Into” with publication date: May 15, 2018.

Analysts await Penn National Gaming, Inc. (NASDAQ:PENN) to report earnings on July, 26. They expect $0.49 earnings per share, up 172.22% or $0.31 from last year’s $0.18 per share. PENN’s profit will be $44.80 million for 18.09 P/E if the $0.49 EPS becomes a reality. After $0.48 actual earnings per share reported by Penn National Gaming, Inc. for the previous quarter, Wall Street now forecasts 2.08% EPS growth.

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.31, from 1.35 in 2017Q3. It worsened, as 29 investors sold PENN shares while 70 reduced holdings. 48 funds opened positions while 55 raised stakes. 84.87 million shares or 3.29% less from 87.76 million shares in 2017Q3 were reported. Alliancebernstein Limited Partnership owns 201,728 shares. Rafferty Asset Mgmt Limited reported 94,515 shares. Raymond James Fincl Ser has invested 0% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN). Ny State Teachers Retirement Systems holds 58,488 shares or 0% of its portfolio. California State Teachers Retirement System, a California-based fund reported 133,628 shares. 108,723 are held by Credit Suisse Ag. Brant Point Investment Lc reported 0.41% stake. Convergence Inv Prns Ltd Liability Corp holds 124,257 shares. Scopus Asset Mgmt Lp owns 1.68 million shares. Glenmede Na reported 0% stake. Three Peaks Mgmt Ltd reported 165,000 shares stake. Bamco stated it has 0.83% in Penn National Gaming, Inc. (NASDAQ:PENN). Balyasny Asset Mngmt Ltd Liability Co has 0.11% invested in Penn National Gaming, Inc. (NASDAQ:PENN). Usa Financial Portformulas Corp holds 0.1% of its portfolio in Penn National Gaming, Inc. (NASDAQ:PENN) for 13,631 shares. Smithfield holds 1,560 shares.

Waterfront Capital Partners Llc, which manages about $264.42 million and $804.90M US Long portfolio, upped its stake in Pennsylvania Rl Estate Invt (NYSE:PEI) by 218,732 shares to 591,450 shares, valued at $7.03 million in 2017Q4, according to the filing. It also increased its holding in Apartment Invt & Mgmt Co (NYSE:AIV) by 157,776 shares in the quarter, for a total of 538,547 shares, and has risen its stake in Installed Bldg Prods Inc (NYSE:IBP).

Among 12 analysts covering Penn National Gaming (NASDAQ:PENN), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Penn National Gaming had 36 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, July 13 report. The firm has “Buy” rating by Susquehanna given on Tuesday, February 6. As per Friday, February 9, the company rating was maintained by Deutsche Bank. On Tuesday, January 19 the stock rating was upgraded by Telsey Advisory Group to “Outperform”. SunTrust upgraded the shares of PENN in report on Thursday, April 26 to “Buy” rating. The firm earned “Buy” rating on Thursday, June 22 by Deutsche Bank. Barclays Capital maintained Penn National Gaming, Inc. (NASDAQ:PENN) on Monday, November 20 with “Overweight” rating. JP Morgan downgraded it to “Neutral” rating and $16 target in Thursday, January 5 report. The stock of Penn National Gaming, Inc. (NASDAQ:PENN) earned “Buy” rating by Deutsche Bank on Monday, January 22. SunTrust maintained Penn National Gaming, Inc. (NASDAQ:PENN) rating on Monday, February 5. SunTrust has “Hold” rating and $36.0 target.

Since February 9, 2018, it had 2 buys, and 2 sales for $5.32 million activity. $274,349 worth of Penn National Gaming, Inc. (NASDAQ:PENN) was bought by Snowden Jay A. The insider SCACCETTI JANE bought 2,500 shares worth $68,775.

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. Moreover, Oppenheimer Asset Mngmt has 0.02% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Bnp Paribas Arbitrage has 0% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Cornerstone Cap Mgmt Hldg Limited Liability Company accumulated 171,116 shares. Schwab Charles Invest Management holds 0% or 162,177 shares. Jpmorgan Chase And owns 0% invested in Carrols Restaurant Group, Inc. (NASDAQ:TAST) for 7,446 shares. Metropolitan Life Insur New York holds 0% or 9,779 shares. Utd Capital Fincl Advisers has invested 0% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Cove Street Limited Liability Com accumulated 1.65M shares. Boston Ptnrs invested in 355,570 shares. Creative Planning holds 0% or 29,107 shares in its portfolio. Vanguard Gru has invested 0% in Carrols Restaurant Group, Inc. (NASDAQ:TAST). Raymond James & Associate holds 81,953 shares. Asset Mngmt, Colorado-based fund reported 18,026 shares. Millennium Limited Liability Corp, New York-based fund reported 984,561 shares. Meeder Asset Mngmt holds 0% or 157 shares.

Trafelet Brokaw Capital Management Lp, which manages about $505.41 million and $143.18 million US Long portfolio, upped its stake in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 391,125 shares to 1.09 million shares, valued at $32.45 million in 2017Q4, according to the filing.

Since December 14, 2017, it had 0 insider purchases, and 1 sale for $32,000 activity.

Analysts await Carrols Restaurant Group, Inc. (NASDAQ:TAST) to report earnings on August, 8. They expect $0.21 EPS, up 50.00% or $0.07 from last year’s $0.14 per share. TAST’s profit will be $7.52 million for 14.11 P/E if the $0.21 EPS becomes a reality. After $-0.08 actual EPS reported by Carrols Restaurant Group, Inc. for the previous quarter, Wall Street now forecasts -362.50% EPS growth.

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. The stock has “Buy” rating by Citigroup on Monday, November 20. Raymond James downgraded the stock to “Outperform” rating in Tuesday, September 26 report. Citigroup maintained the stock with “Buy” rating in Monday, March 5 report.

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