Zacks Investment Research downgraded shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “

A number of other equities research analysts also recently commented on the stock. ValuEngine raised shares of Carrols Restaurant Group from a sell rating to a hold rating in a research report on Friday, June 2nd. Raymond James Financial, Inc. reissued a strong-buy rating and set a $17.50 price objective on shares of Carrols Restaurant Group in a research report on Monday, July 24th. Finally, Dougherty & Co cut their price objective on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a buy rating for the company in a research report on Thursday, August 10th.

Carrols Restaurant Group (TAST) opened at 11.375 on Tuesday. The firm’s 50-day moving average price is $12.09 and its 200 day moving average price is $13.45. Carrols Restaurant Group has a one year low of $9.60 and a one year high of $17.55. The company has a market capitalization of $402.98 million, a price-to-earnings ratio of 15.207 and a beta of 0.02.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The company had revenue of $279.48 million during the quarter, compared to the consensus estimate of $274.90 million. During the same period last year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities research analysts expect that Carrols Restaurant Group will post $0.24 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Markston International LLC increased its stake in shares of Carrols Restaurant Group by 129.0% in the first quarter. Markston International LLC now owns 7,100 shares of the restaurant operator’s stock worth $100,000 after buying an additional 4,000 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Carrols Restaurant Group by 179.1% in the second quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 5,485 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of Carrols Restaurant Group during the first quarter valued at $109,000. Stifel Financial Corp purchased a new position in shares of Carrols Restaurant Group during the first quarter valued at $143,000. Finally, Aperio Group LLC increased its position in shares of Carrols Restaurant Group by 9.2% in the second quarter. Aperio Group LLC now owns 13,343 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 1,128 shares in the last quarter. 85.00% of the stock is owned by hedge funds and other institutional investors.

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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