News headlines about Carrols Restaurant Group (NASDAQ:TAST) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carrols Restaurant Group earned a news impact score of 0.07 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 46.4303175106363 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
TAST has been the subject of a number of research reports. ValuEngine cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Dougherty & Co reduced their target price on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $17.50 target price on shares of Carrols Restaurant Group in a report on Monday, July 24th.
Carrols Restaurant Group (TAST) traded up 1.37% during trading on Tuesday, hitting $11.10. 181,124 shares of the company’s stock were exchanged. The firm has a market cap of $393.24 million, a price-to-earnings ratio of 14.84 and a beta of 0.04. The company’s 50-day moving average price is $11.48 and its 200 day moving average price is $12.86. Carrols Restaurant Group has a 12-month low of $9.60 and a 12-month high of $17.55.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The business had revenue of $279.48 million for the quarter, compared to analysts’ expectations of $274.90 million. During the same period in the prior year, the business posted $0.18 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities analysts forecast that Carrols Restaurant Group will post $0.21 earnings per share for the current fiscal year.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.
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