Carrols Restaurant Group, Inc. (NASDAQ:TAST) – Stock analysts at Dougherty & Co reduced their Q2 2017 EPS estimates for shares of Carrols Restaurant Group in a research report issued on Wednesday. Dougherty & Co analyst J. Hamblin now expects that the restaurant operator will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.22. Dougherty & Co has a “Buy” rating and a $17.00 price objective on the stock. Dougherty & Co also issued estimates for Carrols Restaurant Group’s Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.28 EPS and FY2018 earnings at $0.50 EPS.

A number of other research firms have also commented on TAST. Zacks Investment Research lowered Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. ValuEngine upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

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Carrols Restaurant Group (NASDAQ:TAST) opened at 12.45 on Thursday. The firm has a market capitalization of $440.84 million and a price-to-earnings ratio of 15.60. The stock has a 50 day moving average price of $12.91 and a 200 day moving average price of $14.11. Carrols Restaurant Group has a 1-year low of $9.60 and a 1-year high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Tuesday, May 9th. The restaurant operator reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.06. The firm had revenue of $239.90 million during the quarter, compared to analyst estimates of $236.05 million. Carrols Restaurant Group had a net margin of 3.93% and a return on equity of 10.18%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised its position in shares of Carrols Restaurant Group by 2.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 24,871 shares of the restaurant operator’s stock worth $379,000 after buying an additional 553 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Carrols Restaurant Group by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,676,459 shares of the restaurant operator’s stock worth $25,566,000 after buying an additional 84,875 shares during the last quarter. Menta Capital LLC raised its position in shares of Carrols Restaurant Group by 53.4% in the fourth quarter. Menta Capital LLC now owns 200,253 shares of the restaurant operator’s stock worth $3,054,000 after buying an additional 69,733 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Carrols Restaurant Group during the fourth quarter worth approximately $4,736,000. Finally, Trafelet Brokaw Capital Management L.P. raised its position in shares of Carrols Restaurant Group by 12.2% in the fourth quarter. Trafelet Brokaw Capital Management L.P. now owns 851,685 shares of the restaurant operator’s stock worth $12,988,000 after buying an additional 92,500 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

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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