FY2016 EPS Estimates for Carrols Restaurant Group Inc. Cut by Analyst (TAST)
Carrols Restaurant Group Inc. (NASDAQ:TAST) – Investment analysts at Dougherty & Co lowered their FY2016 earnings per share (EPS) estimates for shares of Carrols Restaurant Group in a research report issued on Friday. Dougherty & Co analyst J. Hamblin now anticipates that the firm will earn $0.50 per share for the year, down from their previous forecast of $0.54. Dougherty & Co also issued estimates for Carrols Restaurant Group’s FY2017 earnings at $0.65 EPS.
Separately, Zacks Investment Research cut Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th.
Carrols Restaurant Group (NASDAQ:TAST) opened at 12.40 on Monday. Carrols Restaurant Group has a 12-month low of $9.60 and a 12-month high of $14.80. The stock has a market capitalization of $437.16 million, a PE ratio of 28.70 and a beta of -0.19. The company has a 50-day moving average price of $12.62 and a 200-day moving average price of $12.72.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.05. Carrols Restaurant Group had a net margin of 2.47% and a return on equity of 23.60%. The company had revenue of $238.90 million for the quarter, compared to analysts’ expectations of $244.87 million. The firm’s quarterly revenue was up 9.7% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in TAST. Aperio Group LLC raised its position in shares of Carrols Restaurant Group by 20.3% in the first quarter. Aperio Group LLC now owns 22,760 shares of the company’s stock worth $329,000 after buying an additional 3,834 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Carrols Restaurant Group by 2.0% in the first quarter. TIAA CREF Investment Management LLC now owns 217,968 shares of the company’s stock worth $3,147,000 after buying an additional 4,234 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Carrols Restaurant Group by 34.3% in the first quarter. Renaissance Technologies LLC now owns 1,234,300 shares of the company’s stock worth $17,823,000 after buying an additional 315,400 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Carrols Restaurant Group during the first quarter worth $304,000. Finally, LPL Financial LLC purchased a new position in shares of Carrols Restaurant Group during the first quarter worth $1,055,000. 84.23% of the stock is currently owned by institutional investors and hedge funds.
In other Carrols Restaurant Group news, VP Timothy Lalonde sold 4,000 shares of the stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $13.61, for a total value of $54,440.00. Following the completion of the sale, the vice president now directly owns 96,053 shares in the company, valued at $1,307,281.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.30% of the stock is owned by company insiders.
About Carrols Restaurant Group
Carrols Restaurant Group, Inc is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name.
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