Carrols Restaurant Group (NASDAQ:TAST) Now Covered by Analysts at StockNews.com

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

A number of other research firms have also recently weighed in on TAST. Truist Financial reiterated a hold rating and set a $9.55 price objective (down previously from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Stephens reiterated an equal weight rating and set a $9.55 price target (down from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. Finally, Craig Hallum reissued a hold rating on shares of Carrols Restaurant Group in a research note on Wednesday, January 17th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $8.87.

Carrols Restaurant Group Price Performance

Carrols Restaurant Group stock opened at $9.51 on Tuesday. Carrols Restaurant Group has a 52-week low of $3.67 and a 52-week high of $9.54. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 2.28. The firm’s fifty day moving average is $9.48 and its 200 day moving average is $8.30. The company has a market cap of $545.68 million, a price-to-earnings ratio of 18.29 and a beta of 2.50.

Carrols Restaurant Group (NASDAQ:TAST) last announced 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. The firm had revenue of $470.36 million for the quarter, compared to analysts’ expectations of $470.41 million. Carrols Restaurant Group had a net margin of 1.80% and a return on equity of 19.41%. Sell-side analysts forecast that Carrols Restaurant Group will post 0.64 EPS for the current fiscal year.

Carrols Restaurant Group Announces Dividend

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

Institutional Trading of Carrols Restaurant Group

Several institutional investors and hedge funds have recently made changes to their positions in TAST. Federated Hermes Inc. raised its holdings in shares of Carrols Restaurant Group by 73.6% in the 4th quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 1,381 shares in the last quarter. BluePath Capital Management LLC bought a new stake in Carrols Restaurant Group during the 3rd quarter valued at $34,000. Tower Research Capital LLC TRC boosted its position in Carrols Restaurant Group by 15.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,126 shares in the last quarter. AJOVista LLC bought a new position in shares of Carrols Restaurant Group in the 4th quarter worth $76,000. Finally, Barclays PLC purchased a new stake in shares of Carrols Restaurant Group during the 2nd quarter worth $49,000. 86.80% of the stock is currently 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.