Carrols Restaurant Group, Inc. (NASDAQ:TAST) CEO Daniel T. Accordino sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $13.06, for a total transaction of $653,000.00. Following the transaction, the chief executive officer now directly owns 1,147,860 shares of the company’s stock, valued at approximately $14,991,051.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Carrols Restaurant Group, Inc. (NASDAQ TAST) opened at $12.65 on Thursday. The stock has a market cap of $470.06, a P/E ratio of 108.33, a P/E/G ratio of 4.88 and a beta of 0.18. Carrols Restaurant Group, Inc. has a 1 year low of $9.90 and a 1 year high of $17.55. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.79.
Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The business had revenue of $258.24 million for the quarter, compared to analyst estimates of $277.00 million. Carrols Restaurant Group had a return on equity of 4.61% and a net margin of 3.13%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. analysts expect that Carrols Restaurant Group, Inc. will post 0.13 earnings per share for the current year.
TAST has been the subject of a number of research analyst reports. ValuEngine raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Citigroup upped their price objective on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, November 20th. UBS downgraded shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $15.50 price objective on shares of Carrols Restaurant Group in a research note on Tuesday, September 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Carrols Restaurant Group has a consensus rating of “Buy” and a consensus price target of $15.25.
About Carrols Restaurant Group
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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