Shares of Carrols Restaurant Group Inc. (NASDAQ:TAST) have received an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a twelve-month consensus price objective of $16.75 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Carrols Restaurant Group an industry rank of 206 out of 265 based on the ratings given to its competitors.
TAST has been the subject of a number of analyst reports. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, September 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $15.50 price objective (up from $15.00) on shares of Carrols Restaurant Group in a research note on Tuesday, July 5th.
In other Carrols Restaurant Group news, VP Timothy Lalonde sold 4,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $13.61, for a total value of $54,440.00. Following the completion of the transaction, the vice president now directly owns 96,053 shares of the company’s stock, valued at $1,307,281.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of TAST. First Manhattan Co. boosted its position in Carrols Restaurant Group by 42.9% in the second quarter. First Manhattan Co. now owns 2,863,387 shares of the company’s stock worth $34,074,000 after buying an additional 859,472 shares during the last quarter. Cove Street Capital LLC boosted its position in Carrols Restaurant Group by 23.3% in the second quarter. Cove Street Capital LLC now owns 2,528,229 shares of the company’s stock worth $30,085,000 after buying an additional 477,037 shares during the last quarter. Vanguard Group Inc. boosted its position in Carrols Restaurant Group by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,675,920 shares of the company’s stock worth $19,943,000 after buying an additional 49,748 shares during the last quarter. Renaissance Technologies LLC boosted its position in Carrols Restaurant Group by 34.3% in the first quarter. Renaissance Technologies LLC now owns 1,234,300 shares of the company’s stock worth $17,823,000 after buying an additional 315,400 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Carrols Restaurant Group by 30.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 851,095 shares of the company’s stock worth $10,128,000 after buying an additional 199,660 shares during the last quarter. 82.61% of the stock is owned by hedge funds and other institutional investors.
Carrols Restaurant Group (NASDAQ:TAST) traded down 1.98% during midday trading on Tuesday, hitting $12.87. The stock had a trading volume of 63,824 shares. The stock has a 50-day moving average of $13.29 and a 200-day moving average of $13.06. The firm has a market cap of $452.03 million, a P/E ratio of 24.94 and a beta of -0.16. Carrols Restaurant Group has a 52 week low of $10.57 and a 52 week high of $14.80.
Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Carrols Restaurant Group had a return on equity of 26.41% and a net margin of 2.83%. The business earned $241.40 million during the quarter, compared to analysts’ expectations of $244.61 million. Analysts forecast that Carrols Restaurant Group will post $0.59 EPS for the current fiscal year.
About Carrols Restaurant Group
Carrols Restaurant Group, Inc is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name.
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