Brokerages Set Carrols Restaurant Group (TAST) Target Price at $15.25

Shares of Carrols Restaurant Group (NASDAQ:TAST) have earned an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com 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 twelve-month price objective among analysts that have covered the stock in the last year is $15.25.

TAST has been the topic of several recent analyst reports. BidaskClub downgraded shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. ValuEngine cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Citigroup reduced their target price on shares of Carrols Restaurant Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, March 5th. Dougherty & Co reiterated a “buy” rating on shares of Carrols Restaurant Group in a research report on Sunday, March 4th. Finally, Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, March 8th.

Carrols Restaurant Group traded down $0.20, hitting $11.65, during midday trading on Monday, according to MarketBeat.com. 239,047 shares of the company traded hands, compared to its average volume of 324,187. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.77. The company has a market cap of $432.99 million, a price-to-earnings ratio of 58.25, a PEG ratio of 2.25 and a beta of 0.30. Carrols Restaurant Group has a 52-week low of $9.90 and a 52-week high of $13.57.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Tuesday, May 8th. The restaurant operator reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.10. The business had revenue of $271.60 million for the quarter, compared to the consensus estimate of $262.13 million. Carrols Restaurant Group had a net margin of 0.86% and a return on equity of 6.69%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.14) earnings per share. research analysts forecast that Carrols Restaurant Group will post 0.26 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Carrols Restaurant Group by 8.6% in the first quarter. BlackRock Inc. now owns 2,550,827 shares of the restaurant operator’s stock valued at $28,569,000 after buying an additional 202,338 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Carrols Restaurant Group by 3.3% in the fourth quarter. Brown Advisory Inc. now owns 2,512,070 shares of the restaurant operator’s stock valued at $30,522,000 after buying an additional 81,143 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Carrols Restaurant Group by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,308,407 shares of the restaurant operator’s stock valued at $25,854,000 after buying an additional 29,498 shares during the last quarter. Millennium Management LLC raised its position in shares of Carrols Restaurant Group by 42.4% in the first quarter. Millennium Management LLC now owns 1,402,472 shares of the restaurant operator’s stock valued at $15,708,000 after buying an additional 417,911 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Carrols Restaurant Group by 25.1% in the first quarter. Russell Investments Group Ltd. now owns 681,275 shares of the restaurant operator’s stock valued at $7,630,000 after buying an additional 136,892 shares during the last quarter. Institutional investors and hedge funds own 86.93% of the company’s stock.

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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