Carrols Restaurant Group, Inc. (NASDAQ:TAST) has received an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.33.

TAST has been the topic of several research reports. Zacks Investment Research downgraded Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Citigroup upped their target price on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, November 20th. ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, UBS Group cut shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, September 26th.

In other news, VP William E. Myers sold 6,400 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $12.96, for a total transaction of $82,944.00. Following the completion of the transaction, the vice president now directly owns 77,049 shares in the company, valued at approximately $998,555.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul R. Flanders sold 2,500 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $12.80, for a total transaction of $32,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,900 shares of company stock valued at $767,944. Company insiders own 5.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Carrols Restaurant Group during the 3rd quarter worth about $104,000. BNP Paribas Arbitrage SA boosted its stake in shares of Carrols Restaurant Group by 179.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock worth $105,000 after buying an additional 5,485 shares during the last quarter. Susquehanna International Group LLP boosted its stake in shares of Carrols Restaurant Group by 165.2% during the 3rd quarter. Susquehanna International Group LLP now owns 10,794 shares of the restaurant operator’s stock worth $118,000 after buying an additional 27,358 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Carrols Restaurant Group during the 3rd quarter worth about $133,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Carrols Restaurant Group by 43.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 15,568 shares of the restaurant operator’s stock worth $170,000 after buying an additional 4,725 shares during the last quarter. Institutional investors own 88.48% of the company’s stock.

Carrols Restaurant Group (NASDAQ:TAST) traded up $0.45 during midday trading on Tuesday, reaching $12.90. The company’s stock had a trading volume of 485,582 shares, compared to its average volume of 343,930. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $459.22, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 2.89 and a beta of 0.17. Carrols Restaurant Group has a 12 month low of $9.90 and a 12 month high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $258.24 million for the quarter, compared to analyst estimates of $277.00 million. Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.61%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. equities analysts expect that Carrols Restaurant Group will post 0.15 EPS for the current year.

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Carrols Restaurant Group Company Profile

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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