Carrols Restaurant Group (NASDAQ:TAST) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research report released on Wednesday morning. The firm issued a buy rating on the restaurant operator’s stock.

TAST has been the topic of a number of other reports. Truist Financial reaffirmed a hold rating and issued a $9.55 price objective (down from $10.00) on shares of Carrols Restaurant Group in a research note on Monday, January 22nd. Stephens restated 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. Finally, Craig Hallum reiterated a hold rating on shares of Carrols Restaurant Group in a report on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $8.87.

Carrols Restaurant Group Price Performance

TAST opened at $9.52 on Wednesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.49 and a quick ratio of 0.41. The company’s 50 day simple moving average is $9.49 and its 200-day simple moving average is $8.45. Carrols Restaurant Group has a one year low of $3.67 and a one year high of $9.54. The stock has a market capitalization of $546.26 million, a P/E ratio of 18.31 and a beta of 2.48.

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

Carrols Restaurant Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 11th were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. Carrols Restaurant Group’s dividend payout ratio is 15.38%.

Institutional Trading of Carrols Restaurant Group

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Carrols Restaurant Group during the third quarter worth about $104,000. Raymond James & Associates acquired a new stake in shares of Carrols Restaurant Group during the third quarter worth about $138,000. BluePath Capital Management LLC bought a new position in shares of Carrols Restaurant Group during the 3rd quarter valued at about $34,000. Panagora Asset Management Inc. grew its position in shares of Carrols Restaurant Group by 127.1% in the 3rd quarter. Panagora Asset Management Inc. now owns 53,295 shares of the restaurant operator’s stock valued at $351,000 after purchasing an additional 29,824 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Carrols Restaurant Group by 181.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 460,177 shares of the restaurant operator’s stock worth $3,033,000 after purchasing an additional 296,473 shares in the last quarter. Institutional investors own 86.80% of the company’s stock.

Carrols Restaurant Group Company Profile

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.