Carrols Restaurant Group (TAST) Rating Increased to Hold at BidaskClub

Carrols Restaurant Group (NASDAQ:TAST) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, BidAskClub reports.

Several other equities analysts have also recently weighed in on TAST. 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. ValuEngine cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Finally, Raymond James decreased their price target 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.88.

Shares of TAST stock opened at $10.12 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.30 and a current ratio of 0.42. The company has a market cap of $374.48 million, a price-to-earnings ratio of 33.73, a P/E/G ratio of 1.72 and a beta of 0.29. Carrols Restaurant Group has a 52 week low of $8.42 and a 52 week high of $16.40.

Carrols Restaurant Group (NASDAQ:TAST) last announced its earnings results on Wednesday, February 27th. The restaurant operator reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $307.75 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. On average, analysts forecast that Carrols Restaurant Group will post 0.29 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Carrols Restaurant Group by 13.1% during the 3rd quarter. BlackRock Inc. now owns 3,279,129 shares of the restaurant operator’s stock worth $47,876,000 after acquiring an additional 378,788 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Carrols Restaurant Group by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,368,846 shares of the restaurant operator’s stock valued at $34,585,000 after buying an additional 11,130 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Carrols Restaurant Group by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 2,202,867 shares of the restaurant operator’s stock valued at $21,676,000 after buying an additional 13,176 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Carrols Restaurant Group by 2.4% in the third quarter. Vanguard Group Inc now owns 1,607,721 shares of the restaurant operator’s stock valued at $23,473,000 after buying an additional 38,160 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Carrols Restaurant Group by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,607,721 shares of the restaurant operator’s stock valued at $23,473,000 after buying an additional 38,160 shares in the last quarter. 90.18% 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 December 30, 2018, it owned and operated 849 Burger King restaurants located in 18 Northeastern, Midwestern, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.

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