Carrols Restaurant Group (NASDAQ:TAST) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the restaurant operator’s stock.

A number of other brokerages have also recently weighed in on TAST. Stephens reiterated an “equal weight” rating and issued a $9.55 price target (down from $13.00) on shares of Carrols Restaurant Group in a research report on Tuesday, January 16th. Craig Hallum reiterated a “hold” rating on shares of Carrols Restaurant Group in a research report on Wednesday, January 17th. Finally, Truist Financial reiterated a “hold” rating and issued a $9.55 price target (down from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.87.

Carrols Restaurant Group Stock Performance

TAST opened at $9.51 on Tuesday. The stock has a market cap of $545.73 million, a PE ratio of 18.29 and a beta of 2.50. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 2.28. Carrols Restaurant Group has a 1 year low of $3.47 and a 1 year high of $9.54. The stock’s 50 day simple moving average is $9.48 and its 200-day simple moving average is $8.27.

Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Carrols Restaurant Group had a return on equity of 19.41% and a net margin of 1.80%. The firm had revenue of $470.36 million for the quarter, compared to analysts’ expectations of $470.41 million. Sell-side analysts forecast that Carrols Restaurant Group will post 0.64 EPS for the current year.

Institutional Trading of Carrols Restaurant Group

Several large investors have recently made changes to their positions in TAST. Federated Hermes Inc. lifted its stake in shares of Carrols Restaurant Group by 73.6% during the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 1,381 shares during the period. BluePath Capital Management LLC acquired a new position in shares of Carrols Restaurant Group during the third quarter valued at $34,000. Barclays PLC acquired a new position in shares of Carrols Restaurant Group during the second quarter valued at $49,000. Tower Research Capital LLC TRC lifted its stake in shares of Carrols Restaurant Group by 15.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,126 shares during the period. Finally, AJOVista LLC acquired a new position in shares of Carrols Restaurant Group during the fourth quarter valued at $76,000. Institutional investors own 86.80% of the company’s stock.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates restaurants in the United States. It operates quick service restaurants as a franchisee under the Burger King and Popeyes brands in 23 Northeastern, Midwestern, Southcentral, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.