Carrols Restaurant Group (NASDAQ:TAST – Get Rating) will be posting its quarterly earnings results before the market opens on Thursday, August 11th. Analysts expect Carrols Restaurant Group to post earnings of ($0.03) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Carrols Restaurant Group (NASDAQ:TAST – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The restaurant operator reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.02. The company had revenue of $399.48 million during the quarter, compared to analysts’ expectations of $401.04 million. Carrols Restaurant Group had a negative return on equity of 14.32% and a negative net margin of 3.44%. During the same period last year, the firm posted ($0.13) earnings per share. On average, analysts expect Carrols Restaurant Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Carrols Restaurant Group Stock Performance
NASDAQ:TAST opened at $2.61 on Thursday. The stock has a market cap of $139.00 million, a P/E ratio of -2.29 and a beta of 2.33. The stock has a 50 day simple moving average of $2.12 and a 200 day simple moving average of $2.16. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 2.44. Carrols Restaurant Group has a 1-year low of $1.28 and a 1-year high of $5.29.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TAST. American Century Companies Inc. raised its stake in Carrols Restaurant Group by 29.7% during the 1st quarter. American Century Companies Inc. now owns 87,542 shares of the restaurant operator’s stock worth $198,000 after buying an additional 20,040 shares during the period. Dimensional Fund Advisors LP increased its holdings in Carrols Restaurant Group by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,104,993 shares of the restaurant operator’s stock worth $4,757,000 after purchasing an additional 137,213 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Carrols Restaurant Group by 59.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 112,699 shares of the restaurant operator’s stock valued at $255,000 after acquiring an additional 41,800 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Carrols Restaurant Group in the first quarter valued at approximately $214,000. Finally, Mirabella Financial Services LLP bought a new position in shares of Carrols Restaurant Group in the first quarter valued at approximately $35,000. 35.82% of the stock is owned by institutional investors and hedge funds.
About Carrols Restaurant Group
Carrols Restaurant Group, Inc, through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King and Popeyes franchisee. As of January 2, 2022, it operated 1,026 Burger King restaurants located in 23 Northeastern, Midwestern, Southcentral, and Southeastern states; and 65 Popeyes restaurants in seven Southeastern states.
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