Carrols Restaurant Group (NASDAQ:TAST) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research report sent to investors on Sunday. The firm issued a buy rating on the restaurant operator’s stock.

Other equities research analysts also recently issued reports about the stock. Craig Hallum reiterated a hold rating on shares of Carrols Restaurant Group in a research note on Wednesday, January 17th. Truist Financial restated a hold rating and set a $9.55 price objective (down from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Finally, Stephens reaffirmed an equal weight rating and set a $9.55 target price (down from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Carrols Restaurant Group presently has an average rating of Hold and an average target price of $8.87.

Carrols Restaurant Group Stock Performance

Shares of NASDAQ:TAST opened at $9.48 on Friday. Carrols Restaurant Group has a 52-week low of $2.55 and a 52-week high of $9.54. The company has a market capitalization of $543.96 million, a P/E ratio of 18.23 and a beta of 2.50. The company has a 50-day simple moving average of $9.46 and a 200 day simple moving average of $8.04. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.41 and a current ratio of 0.49.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Carrols Restaurant Group had a net margin of 1.80% and a return on equity of 19.41%. The business had revenue of $470.36 million during the quarter, compared to the consensus estimate of $470.41 million. Sell-side analysts forecast that Carrols Restaurant Group will post 0.64 earnings per share for the current year.

Carrols Restaurant Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 11th were paid a $0.02 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.08 dividend on an annualized basis and a yield of 0.84%. Carrols Restaurant Group’s dividend payout ratio (DPR) is 15.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TAST. Massachusetts Financial Services Co. MA bought a new stake in shares of Carrols Restaurant Group during the third quarter worth $1,600,000. Alpha DNA Investment Management LLC acquired a new position in shares of Carrols Restaurant Group during the third quarter worth $549,000. Assenagon Asset Management S.A. lifted its holdings in shares of Carrols Restaurant Group by 181.1% during the third quarter. Assenagon Asset Management S.A. now owns 460,177 shares of the restaurant operator’s stock worth $3,033,000 after purchasing an additional 296,473 shares during the period. Aigen Investment Management LP acquired a new position in shares of Carrols Restaurant Group during the third quarter worth $117,000. Finally, Ritholtz Wealth Management lifted its holdings in shares of Carrols Restaurant Group by 14.3% during the third quarter. Ritholtz Wealth Management now owns 16,243 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 2,033 shares during the period. 86.80% of the stock is owned by institutional investors.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates restaurants in the United States. It operates quick service restaurants as a franchisee under the Burger King and Popeyes brands in 23 Northeastern, Midwestern, Southcentral, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.