Carrols Restaurant Group (NASDAQ:TAST) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday, February 19th.
Several other research firms have also commented on TAST. ValuEngine lowered Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Citigroup boosted their price target on Carrols Restaurant Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Monday, November 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.00.
Shares of Carrols Restaurant Group (TAST) traded down $0.25 on Monday, reaching $11.95. The company’s stock had a trading volume of 323,859 shares, compared to its average volume of 263,623. The stock has a market cap of $456.74, a P/E ratio of 99.58, a price-to-earnings-growth ratio of 2.37 and a beta of 0.13. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.79. Carrols Restaurant Group has a 1-year low of $9.90 and a 1-year high of $14.65.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Carrols Restaurant Group had a return on equity of 5.67% and a net margin of 0.66%. The business had revenue of $283.97 million for the quarter, compared to analysts’ expectations of $274.59 million. During the same period last year, the firm earned $0.04 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. equities analysts expect that Carrols Restaurant Group will post 0.26 earnings per share for the current fiscal year.
In other Carrols Restaurant Group news, CFO Paul R. Flanders sold 2,500 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $12.80, for a total value of $32,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its position in shares of Carrols Restaurant Group by 679.3% during the 4th quarter. Millennium Management LLC now owns 984,561 shares of the restaurant operator’s stock worth $11,962,000 after purchasing an additional 858,225 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Carrols Restaurant Group by 45.0% in the third quarter. Brown Advisory Inc. now owns 2,430,927 shares of the restaurant operator’s stock valued at $26,497,000 after acquiring an additional 754,789 shares in the last quarter. Boston Partners purchased a new stake in shares of Carrols Restaurant Group in the third quarter valued at about $4,581,000. Royce & Associates LP boosted its holdings in shares of Carrols Restaurant Group by 74.0% in the third quarter. Royce & Associates LP now owns 570,274 shares of the restaurant operator’s stock valued at $6,216,000 after acquiring an additional 242,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Carrols Restaurant Group by 13.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,883 shares of the restaurant operator’s stock valued at $25,185,000 after acquiring an additional 236,368 shares in the last quarter. 88.77% of the stock is owned by institutional investors.
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Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.
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