Carrols Restaurant Group (NASDAQ:TAST) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.
A number of other equities analysts have also weighed in on the stock. Raymond James reduced their target price on shares of Carrols Restaurant Group from $16.50 to $13.50 and set an “outperform” rating for the company in a research note on Tuesday, January 8th. BidaskClub downgraded shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 8th. Citigroup set a $14.00 price objective on shares of Carrols Restaurant Group and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $15.88.
NASDAQ TAST traded up $0.10 on Monday, reaching $10.79. The company had a trading volume of 315,014 shares, compared to its average volume of 257,527. The firm has a market cap of $394.27 million, a PE ratio of 35.97, a PEG ratio of 1.44 and a beta of 0.31. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 1.60. Carrols Restaurant Group has a 1-year low of $8.42 and a 1-year high of $16.40.
Carrols Restaurant Group (NASDAQ:TAST) last announced its earnings results on Wednesday, February 27th. The restaurant operator reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The company had revenue of $307.75 million during the quarter, compared to analyst estimates of $346.38 million. Carrols Restaurant Group had a return on equity of 8.62% and a net margin of 1.06%. Carrols Restaurant Group’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Equities research analysts forecast that Carrols Restaurant Group will post 0.39 EPS for the current year.
Several institutional investors have recently bought and sold shares of TAST. Half Sky Capital UK Ltd acquired a new position in shares of Carrols Restaurant Group during the 4th quarter worth about $11,208,000. Morgan Stanley boosted its stake in shares of Carrols Restaurant Group by 375.7% during the 3rd quarter. Morgan Stanley now owns 923,436 shares of the restaurant operator’s stock worth $13,484,000 after buying an additional 729,322 shares during the last quarter. Monarch Partners Asset Management LLC boosted its stake in shares of Carrols Restaurant Group by 74.0% during the 4th quarter. Monarch Partners Asset Management LLC now owns 949,915 shares of the restaurant operator’s stock worth $9,347,000 after buying an additional 403,945 shares during the last quarter. BlackRock Inc. lifted its stake in Carrols Restaurant Group by 13.1% in the 3rd quarter. BlackRock Inc. now owns 3,279,129 shares of the restaurant operator’s stock valued at $47,876,000 after purchasing an additional 378,788 shares during the last quarter. Finally, Portolan Capital Management LLC lifted its stake in Carrols Restaurant Group by 51.5% in the 4th quarter. Portolan Capital Management LLC now owns 1,102,091 shares of the restaurant operator’s stock valued at $10,845,000 after purchasing an additional 374,577 shares during the last quarter. Institutional investors own 87.04% of the company’s stock.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.
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