Carrols Restaurant Group (TAST) Set to Announce Quarterly Earnings on Wednesday

Carrols Restaurant Group (NASDAQ:TAST) will announce its earnings results before the market opens on Wednesday, February 28th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.

Carrols Restaurant Group (TAST) opened at $12.85 on Wednesday. Carrols Restaurant Group has a 1-year low of $9.90 and a 1-year high of $17.20. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market cap of $464.64, a price-to-earnings ratio of 23.80, a PEG ratio of 2.69 and a beta of 0.15.

Several equities analysts have recently commented on TAST shares. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. BidaskClub downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Citigroup boosted their target price on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Finally, ValuEngine downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.00.

In related news, CFO Paul R. Flanders sold 2,500 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $12.80, for a total transaction of $32,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William E. Myers sold 6,400 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $12.96, for a total transaction of $82,944.00. Following the sale, the vice president now directly owns 77,049 shares in the company, valued at approximately $998,555.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,900 shares of company stock worth $767,944. 5.60% of the stock is owned by insiders.

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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.

Earnings History for Carrols Restaurant Group (NASDAQ:TAST)

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