Carrols Restaurant Group (NASDAQ:TAST) had its price target lowered by Raymond James from $16.50 to $13.50 in a report published on Tuesday. The firm currently has an outperform rating on the restaurant operator’s stock.

Several other equities analysts have also commented on TAST. BidaskClub lowered Carrols Restaurant Group from a sell rating to a strong sell rating in a research report on Thursday, September 20th. Zacks Investment Research downgraded Carrols Restaurant Group from a hold rating to a sell rating in a research note on Thursday, October 18th. ValuEngine downgraded Carrols Restaurant Group from a buy rating to a hold rating in a research note on Wednesday, November 7th. Finally, Citigroup set a $14.00 price target on Carrols Restaurant Group and gave the stock a buy rating in a research report on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Carrols Restaurant Group presently has an average rating of Hold and an average target price of $15.88.

Shares of TAST opened at $9.74 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.51 and a current ratio of 0.62. The company has a market cap of $362.83 million, a PE ratio of 48.70, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56. Carrols Restaurant Group has a 12-month low of $9.03 and a 12-month high of $16.40.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Tuesday, November 6th. The restaurant operator reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $298.52 million. Carrols Restaurant Group had a return on equity of 8.62% and a net margin of 1.06%. Carrols Restaurant Group’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. Analysts anticipate that Carrols Restaurant Group will post 0.34 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Carrols Restaurant Group by 7.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 174,741 shares of the restaurant operator’s stock valued at $2,595,000 after purchasing an additional 11,782 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Carrols Restaurant Group during the second quarter valued at $850,000. BlackRock Inc. lifted its holdings in shares of Carrols Restaurant Group by 13.7% during the second quarter. BlackRock Inc. now owns 2,900,341 shares of the restaurant operator’s stock valued at $43,069,000 after purchasing an additional 349,514 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Carrols Restaurant Group by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,357,716 shares of the restaurant operator’s stock valued at $35,012,000 after purchasing an additional 49,309 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Carrols Restaurant Group by 30.4% during the second quarter. FMR LLC now owns 1,036,096 shares of the restaurant operator’s stock valued at $15,386,000 after purchasing an additional 241,400 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

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