Carrols Restaurant Group, Inc. (NASDAQ:TAST) had its price target raised by investment analysts at Citigroup Inc. from $13.00 to $15.00 in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Citigroup Inc.’s target price would indicate a potential upside of 21.46% from the company’s current price.
A number of other research analysts have also recently issued reports on TAST. UBS AG cut Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $15.50 target price on shares of Carrols Restaurant Group in a research note on Tuesday, September 26th. ValuEngine cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Dougherty & Co decreased their target price on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.33.
Carrols Restaurant Group (NASDAQ TAST) traded down $0.05 during midday trading on Monday, reaching $12.35. The company had a trading volume of 398,700 shares, compared to its average volume of 259,171. The company has a market capitalization of $446.56, a P/E ratio of 102.92, a PEG ratio of 4.63 and a beta of 0.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.79. Carrols Restaurant Group has a fifty-two week low of $9.90 and a fifty-two week high of $17.55.
Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $258.24 million during the quarter, compared to the consensus estimate of $277.00 million. Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.61%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS. equities research analysts predict that Carrols Restaurant Group will post 0.13 EPS for the current year.
Several hedge funds have recently bought and sold shares of TAST. SG Americas Securities LLC acquired a new position in shares of Carrols Restaurant Group during the third quarter worth about $104,000. BNP Paribas Arbitrage SA boosted its position in Carrols Restaurant Group by 179.1% during the second quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 5,485 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Carrols Restaurant Group during the third quarter valued at approximately $133,000. Aperio Group LLC boosted its position in Carrols Restaurant Group by 9.2% during the second quarter. Aperio Group LLC now owns 13,343 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 1,128 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in Carrols Restaurant Group by 43.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 15,568 shares of the restaurant operator’s stock valued at $170,000 after purchasing an additional 4,725 shares during the last quarter. 86.04% of the stock is owned by institutional investors.
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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