Carrols Restaurant Group Inc (TAST) Receives $15.63 Average PT from Analysts

Carrols Restaurant Group Inc (NASDAQ:TAST) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research 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 average 1-year price target among analysts that have covered the stock in the last year is $15.63.

Several equities research analysts have weighed in on the company. BidaskClub raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Dougherty & Co reissued a “buy” rating and issued a $16.00 price target on shares of Carrols Restaurant Group in a report on Thursday, May 9th. Finally, Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd.

In other news, Director Alexander R. Sloane acquired 11,709 shares of Carrols Restaurant Group stock in a transaction dated Monday, May 20th. The stock was purchased at an average cost of $8.56 per share, for a total transaction of $100,229.04. Following the completion of the purchase, the director now directly owns 5,258 shares in the company, valued at approximately $45,008.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Private Capital Management LLC raised its stake in shares of Carrols Restaurant Group by 5.5% in the first quarter. Private Capital Management LLC now owns 2,403,385 shares of the restaurant operator’s stock worth $23,962,000 after purchasing an additional 124,923 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Carrols Restaurant Group by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 2,202,867 shares of the restaurant operator’s stock worth $21,676,000 after purchasing an additional 13,176 shares during the last quarter. Cannell Capital LLC raised its stake in shares of Carrols Restaurant Group by 29.0% in the first quarter. Cannell Capital LLC now owns 1,785,744 shares of the restaurant operator’s stock worth $17,804,000 after purchasing an additional 400,999 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Carrols Restaurant Group by 2.4% in the third quarter. Vanguard Group Inc now owns 1,607,721 shares of the restaurant operator’s stock worth $23,473,000 after purchasing an additional 38,160 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Carrols Restaurant Group by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,607,721 shares of the restaurant operator’s stock worth $23,473,000 after purchasing an additional 38,160 shares during the last quarter. Hedge funds and other institutional investors own 73.69% of the company’s stock.

Shares of NASDAQ TAST opened at $8.84 on Friday. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.29 and a quick ratio of 0.21. The stock has a market capitalization of $392.25 million, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 1.93 and a beta of 0.27. Carrols Restaurant Group has a fifty-two week low of $8.16 and a fifty-two week high of $16.40.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The business had revenue of $290.80 million during the quarter, compared to analyst estimates of $292.51 million. Carrols Restaurant Group had a return on equity of 3.29% and a net margin of 0.15%. Carrols Restaurant Group’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. On average, equities analysts anticipate that Carrols Restaurant Group will post 0.23 earnings per share for the current year.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.

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