Carrols Restaurant Group (NASDAQ:TAST) Rating Increased to Buy at StockNews.com

Carrols Restaurant Group (NASDAQ:TAST – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other analysts have also recently weighed in on the stock. Truist Financial boosted their target price on shares of Carrols Restaurant Group from $4.00 to $6.00 in a research note on Friday. Craig Hallum boosted their target price on shares of Carrols Restaurant Group from $4.00 to $7.50 in a research note on Friday. Finally, Stephens boosted their target price on shares of Carrols Restaurant Group to $6.00 in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Carrols Restaurant Group presently has a consensus rating of “Buy” and an average price target of $5.88.

Carrols Restaurant Group Stock Performance

Shares of NASDAQ:TAST opened at $5.05 on Friday. The company’s 50 day simple moving average is $3.02 and its 200 day simple moving average is $2.18. The stock has a market capitalization of $273.00 million, a price-to-earnings ratio of -3.39 and a beta of 2.39. The company has a debt-to-equity ratio of 3.18, a current ratio of 0.38 and a quick ratio of 0.30. Carrols Restaurant Group has a 1 year low of $1.30 and a 1 year high of $5.30.

Carrols Restaurant Group (NASDAQ:TAST – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The restaurant operator reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.17. The business had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $445.10 million. Carrols Restaurant Group had a negative net margin of 4.37% and a negative return on equity of 20.61%. As a group, research analysts predict that Carrols Restaurant Group will post -0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Carrols Restaurant Group

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Carrols Restaurant Group by 10.9% during the first quarter. Renaissance Technologies LLC now owns 172,400 shares of the restaurant operator’s stock worth $384,000 after purchasing an additional 16,900 shares during the period. JCP Investment Management LLC lifted its holdings in Carrols Restaurant Group by 8.7% in the first quarter. JCP Investment Management LLC now owns 727,078 shares of the restaurant operator’s stock valued at $1,621,000 after buying an additional 58,014 shares during the period. Prudential Financial Inc. acquired a new position in Carrols Restaurant Group in the first quarter valued at $49,000. Acadian Asset Management LLC lifted its holdings in Carrols Restaurant Group by 87.7% in the first quarter. Acadian Asset Management LLC now owns 183,920 shares of the restaurant operator’s stock valued at $408,000 after buying an additional 85,932 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Carrols Restaurant Group by 26.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 138,498 shares of the restaurant operator’s stock valued at $309,000 after buying an additional 28,855 shares during the period. Institutional investors and hedge funds own 27.67% of the company’s stock.

Carrols Restaurant Group Company Profile

(Get Rating)

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.