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

StockNews.com began coverage on shares of Carrols Restaurant Group (NASDAQ:TAST – Get Rating) in a research report report published on Thursday. The firm issued a hold rating on the restaurant operator’s stock.

Several other analysts also recently weighed in on TAST. Craig Hallum upgraded Carrols Restaurant Group from a hold rating to a buy rating and boosted their price objective for the company from $2.50 to $4.00 in a research report on Tuesday, March 7th. Stephens reiterated an overweight rating and issued a $3.00 price objective on shares of Carrols Restaurant Group in a research report on Tuesday, February 28th.

Carrols Restaurant Group Trading Down 5.8 %

NASDAQ:TAST opened at $2.10 on Thursday. The business has a 50 day moving average of $2.03 and a 200 day moving average of $1.77. Carrols Restaurant Group has a 1-year low of $1.28 and a 1-year high of $2.69. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.30 and a current ratio of 0.38.

Hedge Funds Weigh In On Carrols Restaurant Group

Several hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its stake in shares of Carrols Restaurant Group by 3.0% during the fourth quarter. Russell Investments Group Ltd. now owns 2,123,393 shares of the restaurant operator’s stock valued at $2,888,000 after buying an additional 62,671 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Carrols Restaurant Group by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,104,993 shares of the restaurant operator’s stock valued at $4,757,000 after buying an additional 137,213 shares during the period. Royce & Associates LP increased its stake in shares of Carrols Restaurant Group by 8.6% during the third quarter. Royce & Associates LP now owns 1,626,023 shares of the restaurant operator’s stock valued at $2,650,000 after buying an additional 128,600 shares during the period. Vanguard Group Inc. increased its stake in shares of Carrols Restaurant Group by 4.7% during the third quarter. Vanguard Group Inc. now owns 1,576,128 shares of the restaurant operator’s stock valued at $2,569,000 after buying an additional 71,031 shares during the period. Finally, Solel Partners LP increased its stake in shares of Carrols Restaurant Group by 385.5% during the fourth quarter. Solel Partners LP now owns 1,500,000 shares of the restaurant operator’s stock valued at $2,040,000 after buying an additional 1,191,055 shares during the period. 27.67% of the stock is owned by hedge funds and other institutional investors.

Carrols Restaurant Group Company Profile

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Carrols Restaurant Group, Inc engages in the operation of restaurants under the Burger King and Popeyes brands. It serves flame-broiled whopper sandwich, hamburgers, chicken and other specialty sandwiches, fries, salads, breakfast items, smoothies, frappes, and other snacks. The company was founded in 1960 and is headquartered in Syracuse, NY.