ValuEngine upgraded shares of Carrols Restaurant Group (NASDAQ:TAST) from a sell rating to a hold rating in a research report report published on Tuesday.
A number of other analysts also recently commented on the company. Zacks Investment Research downgraded Carrols Restaurant Group from a buy rating to a hold rating in a research report on Wednesday, December 13th. BidaskClub downgraded Carrols Restaurant Group from a sell rating to a strong sell rating in a research report on Monday, February 19th. Citigroup decreased their target price on Carrols Restaurant Group from $16.00 to $15.00 and set a buy rating on the stock in a research report on Monday, March 5th. Finally, Dougherty & Co reiterated a buy rating on shares of Carrols Restaurant Group in a research report on Sunday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $15.00.
TAST opened at $11.25 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 1.73. The firm has a market cap of $414.72, a price-to-earnings ratio of 56.25, a PEG ratio of 2.18 and a beta of 0.26. Carrols Restaurant Group has a one year low of $9.90 and a one year high of $14.45.
Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, February 28th. The restaurant operator reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $283.97 million for the quarter, compared to the consensus estimate of $274.59 million. Carrols Restaurant Group had a return on equity of 5.58% and a net margin of 0.66%. Carrols Restaurant Group’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. equities analysts anticipate that Carrols Restaurant Group will post 0.26 earnings per share for the current year.
Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Carrols Restaurant Group in the third quarter valued at $104,000. Susquehanna International Group LLP lifted its position in shares of Carrols Restaurant Group by 165.2% in the third quarter. Susquehanna International Group LLP now owns 10,794 shares of the restaurant operator’s stock valued at $118,000 after acquiring an additional 27,358 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Carrols Restaurant Group in the third quarter valued at $133,000. Teacher Retirement System of Texas purchased a new stake in shares of Carrols Restaurant Group in the fourth quarter valued at $145,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Carrols Restaurant Group by 20,432.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,114 shares of the restaurant operator’s stock valued at $147,000 after acquiring an additional 12,055 shares in the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.
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About Carrols Restaurant Group
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King. As of December 31, 2017, it owned and operated 807 Burger King restaurants located in 17 states of the United States. The company was founded in 1960 and is headquartered in Syracuse, New York.
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