Zacks Investment Research upgraded shares of Carrols Restaurant Group (NASDAQ:TAST) from a hold rating to a buy rating in a research report sent to investors on Thursday morning. The brokerage currently has $14.00 target price on the restaurant operator’s stock.

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. “

Several other research analysts have also recently issued reports on the company. Dougherty & Co reissued a buy rating on shares of Carrols Restaurant Group in a research note on Sunday, March 4th. Citigroup dropped their price objective on Carrols Restaurant Group from $16.00 to $15.00 and set a buy rating on the stock in a research note on Monday, March 5th. BidaskClub cut Carrols Restaurant Group from a sell rating to a strong sell rating in a research note on Monday, February 19th. Finally, ValuEngine cut Carrols Restaurant Group from a hold rating to a sell rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $15.00.

Shares of Carrols Restaurant Group (TAST) traded down $0.10 during trading hours on Thursday, reaching $12.60. The company had a trading volume of 285,247 shares, compared to its average volume of 242,769. Carrols Restaurant Group has a 52 week low of $9.90 and a 52 week high of $14.65. The company has a market capitalization of $455.60, a PE ratio of 78.75, a P/E/G ratio of 2.39 and a beta of 0.13. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95.

Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Carrols Restaurant Group had a return on equity of 5.67% and a net margin of 0.66%. The company had revenue of $283.97 million for the quarter, compared to analysts’ expectations of $274.59 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Carrols Restaurant Group’s revenue was up 17.9% compared to the same quarter last year. sell-side analysts anticipate that Carrols Restaurant Group will post 0.26 EPS for the current fiscal year.

In related news, CFO Paul R. Flanders sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $12.80, for a total value of $32,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.60% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Formula Growth Ltd. lifted its holdings in Carrols Restaurant Group by 25.0% during the third quarter. Formula Growth Ltd. now owns 125,030 shares of the restaurant operator’s stock worth $1,363,000 after buying an additional 25,000 shares during the period. Vanguard Group Inc. lifted its holdings in Carrols Restaurant Group by 4.3% during the second quarter. Vanguard Group Inc. now owns 1,469,067 shares of the restaurant operator’s stock worth $17,996,000 after buying an additional 60,027 shares during the period. Victory Capital Management Inc. lifted its holdings in Carrols Restaurant Group by 10.6% during the third quarter. Victory Capital Management Inc. now owns 172,551 shares of the restaurant operator’s stock worth $1,881,000 after buying an additional 16,585 shares during the period. State Street Corp lifted its holdings in Carrols Restaurant Group by 4.0% during the second quarter. State Street Corp now owns 658,894 shares of the restaurant operator’s stock worth $8,076,000 after buying an additional 25,044 shares during the period. Finally, Boston Partners purchased a new stake in Carrols Restaurant Group during the third quarter worth $4,581,000. Institutional investors own 88.88% of the company’s stock.

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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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