BidaskClub cut shares of Carrols Restaurant Group (NASDAQ:TAST) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently commented on TAST. Citigroup set a $14.00 price objective on shares of Carrols Restaurant Group and gave the stock a buy rating in a research note on Monday, November 12th. ValuEngine raised shares of Carrols Restaurant Group from a sell rating to a hold rating in a research note on Monday, February 4th. Raymond James dropped their price objective on shares of Carrols Restaurant Group from $16.50 to $13.50 and set an outperform rating for the company in a research note on Tuesday, January 8th. Finally, Zacks Investment Research raised shares of Carrols Restaurant Group from a sell rating to a hold rating in a research note on Saturday, March 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Carrols Restaurant Group has a consensus rating of Hold and a consensus target price of $15.88.

TAST opened at $10.08 on Tuesday. The firm has a market cap of $374.44 million, a P/E ratio of 33.60, a P/E/G ratio of 1.80 and a beta of 0.31. Carrols Restaurant Group has a fifty-two week low of $8.42 and a fifty-two week high of $16.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.42 and a quick ratio of 0.30.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, February 27th. The restaurant operator reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The company had revenue of $307.75 million for the quarter, compared to analysts’ expectations of $346.38 million. Carrols Restaurant Group had a net margin of 0.86% and a return on equity of 7.64%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 earnings per share. As a group, research analysts predict that Carrols Restaurant Group will post 0.28 EPS for the current year.

Large investors have recently modified their holdings of the business. Quantamental Technologies LLC purchased a new position in shares of Carrols Restaurant Group during the 4th quarter worth about $31,000. Macquarie Group Ltd. boosted its stake in shares of Carrols Restaurant Group by 43.7% during the 4th quarter. Macquarie Group Ltd. now owns 5,264 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 1,600 shares during the period. Legal & General Group Plc boosted its stake in shares of Carrols Restaurant Group by 31.7% during the 4th quarter. Legal & General Group Plc now owns 6,502 shares of the restaurant operator’s stock worth $64,000 after purchasing an additional 1,564 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Carrols Restaurant Group by 331.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,779 shares of the restaurant operator’s stock worth $96,000 after purchasing an additional 7,512 shares during the period. Finally, ClariVest Asset Management LLC purchased a new position in shares of Carrols Restaurant Group during the 3rd quarter worth about $107,000. 91.22% of the stock is owned by institutional investors and hedge funds.

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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