Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) have been given an average recommendation of “Hold” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.33.
A number of research analysts have recently commented on the company. Raymond James Financial reissued an “outperform” rating and set a $15.50 price target on shares of Carrols Restaurant Group in a report on Tuesday, September 26th. UBS Group lowered Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, September 26th. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, December 6th. BidaskClub lowered Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Finally, ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, September 22nd.
In related news, CFO Paul R. Flanders sold 2,500 shares of Carrols Restaurant Group stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $12.80, for a total transaction of $32,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel T. Accordino sold 50,000 shares of Carrols Restaurant Group stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $13.06, for a total value of $653,000.00. Following the transaction, the chief executive officer now directly owns 1,147,860 shares in the company, valued at $14,991,051.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,900 shares of company stock worth $767,944. 5.60% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Carrols Restaurant Group in the 3rd quarter valued at $104,000. BNP Paribas Arbitrage SA boosted its position in shares of Carrols Restaurant Group by 179.1% in the 2nd 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 period. Susquehanna International Group LLP boosted its position in shares of Carrols Restaurant Group by 165.2% in the 3rd quarter. Susquehanna International Group LLP now owns 10,794 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 27,358 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Carrols Restaurant Group in the 3rd quarter valued at $133,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Carrols Restaurant Group by 43.6% in the 3rd 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 period. 88.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Carrols Restaurant Group (TAST) remained flat at $$13.25 on Tuesday. 168,044 shares of the company’s stock traded hands, compared to its average volume of 216,035. The company has a market capitalization of $479.11, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 3.01 and a beta of 0.17. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.95 and a quick ratio of 0.85. 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 issued its quarterly earnings results 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 business had revenue of $258.24 million for the quarter, compared to analyst estimates of $277.00 million. Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.61%. Carrols Restaurant Group’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. research analysts anticipate that Carrols Restaurant Group will post 0.15 earnings per share for the current year.
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About Carrols Restaurant Group
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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