Carrols Restaurant Group (NASDAQ:TAST) Coverage Initiated by Analysts at Stephens

Stephens began coverage on shares of Carrols Restaurant Group (NASDAQ:TASTGet Rating) in a report published on Thursday morning, The Fly reports. The brokerage issued an overweight rating on the restaurant operator’s stock.

Separately, StockNews.com raised Carrols Restaurant Group from a sell rating to a hold rating in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $4.50.

Carrols Restaurant Group Trading Down 4.5 %

Shares of TAST opened at $1.68 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.25 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $89.50 million, a P/E ratio of -1.14 and a beta of 2.32. The stock’s fifty day simple moving average is $2.19 and its 200 day simple moving average is $2.05. Carrols Restaurant Group has a twelve month low of $1.28 and a twelve month high of $4.43.

Institutional Trading of Carrols Restaurant Group

Several large investors have recently added to or reduced their stakes in the stock. Boulder Hill Capital Management LP acquired a new stake in Carrols Restaurant Group in the 1st quarter valued at $26,000. Verition Fund Management LLC acquired a new stake in Carrols Restaurant Group in the 2nd quarter valued at $26,000. Wedmont Private Capital acquired a new stake in Carrols Restaurant Group in the 2nd quarter valued at $27,000. Mirabella Financial Services LLP acquired a new stake in Carrols Restaurant Group in the 1st quarter valued at $35,000. Finally, Clearstead Advisors LLC acquired a new stake in Carrols Restaurant Group in the 1st quarter valued at $36,000. 29.52% of the stock is currently owned by institutional investors and hedge funds.

Carrols Restaurant Group Company Profile

(Get Rating)

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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