Carrols Restaurant Group (NASDAQ:TAST) Stock Passes Above 200 Day Moving Average of $1.77

Carrols Restaurant Group, Inc. (NASDAQ:TAST – Get Rating)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.77 and traded as high as $2.12. Carrols Restaurant Group shares last traded at $2.08, with a volume of 130,106 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Craig Hallum raised shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $2.50 to $4.00 in a research report on Tuesday, March 7th. Stephens reissued an “overweight” rating and set a $3.00 price objective on shares of Carrols Restaurant Group in a research report on Tuesday, February 28th.

Carrols Restaurant Group Stock Performance

The business’s fifty day moving average is $1.99 and its two-hundred day moving average is $1.77. The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 3.18. The stock has a market capitalization of $117.12 million, a PE ratio of -1.40 and a beta of 2.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC purchased a new position in Carrols Restaurant Group during the second quarter worth $26,000. Mirabella Financial Services LLP purchased a new stake in shares of Carrols Restaurant Group during the first quarter valued at $35,000. Mackenzie Financial Corp purchased a new stake in shares of Carrols Restaurant Group during the third quarter valued at $38,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Carrols Restaurant Group during the third quarter valued at $123,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Carrols Restaurant Group by 20.9% during the third quarter. Price T Rowe Associates Inc. MD now owns 110,890 shares of the restaurant operator’s stock valued at $181,000 after purchasing an additional 19,200 shares during the period. 27.67% of the stock is owned by hedge funds and other institutional investors.

Carrols Restaurant Group Company Profile

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Carrols Restaurant Group, Inc engages in the operation of restaurants under the Burger King and Popeyes brands. It serves flame-broiled whopper sandwich, hamburgers, chicken and other specialty sandwiches, fries, salads, breakfast items, smoothies, frappes, and other snacks. The company was founded in 1960 and is headquartered in Syracuse, NY.