Stock analysts at Stephens began coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a report issued on Tuesday, The Fly reports. The brokerage set an “overweight” rating on the restaurant operator’s stock.

TAST has been the topic of a number of other research reports. SunTrust Banks increased their price target on Carrols Restaurant Group from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Raymond James cut shares of Carrols Restaurant Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 2nd. Zacks Investment Research raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Craig Hallum increased their price objective on shares of Carrols Restaurant Group from $5.00 to $8.00 in a report on Monday, June 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Carrols Restaurant Group has an average rating of “Buy” and an average target price of $6.88.

Shares of TAST stock opened at $4.75 on Tuesday. Carrols Restaurant Group has a twelve month low of $0.98 and a twelve month high of $9.76. The stock has a market cap of $238.84 million, a P/E ratio of -5.15 and a beta of 2.34. The stock has a 50 day moving average of $4.49 and a 200 day moving average of $4.35. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 4.70.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Thursday, May 7th. The restaurant operator reported ($0.38) EPS for the quarter, hitting analysts’ consensus estimates of ($0.38). Carrols Restaurant Group had a negative net margin of 2.81% and a negative return on equity of 8.11%. The business had revenue of $351.52 million for the quarter, compared to analysts’ expectations of $362.91 million. On average, research analysts predict that Carrols Restaurant Group will post -0.32 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Carrols Restaurant Group by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 268,539 shares of the restaurant operator’s stock valued at $1,894,000 after purchasing an additional 23,361 shares during the last quarter. Barclays PLC raised its holdings in Carrols Restaurant Group by 101.4% in the 4th quarter. Barclays PLC now owns 35,488 shares of the restaurant operator’s stock valued at $250,000 after buying an additional 17,867 shares during the period. WINTON GROUP Ltd purchased a new position in Carrols Restaurant Group during the first quarter worth about $206,000. Cubist Systematic Strategies LLC raised its stake in shares of Carrols Restaurant Group by 104.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 21,633 shares of the restaurant operator’s stock valued at $153,000 after acquiring an additional 11,063 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Carrols Restaurant Group by 66.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,350 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 8,550 shares during the last quarter. 46.65% of the stock is owned by institutional investors.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.

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The Fly

Analyst Recommendations for Carrols Restaurant Group (NASDAQ:TAST)

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