Carrols Restaurant Group (NASDAQ:TAST) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the restaurant operator’s stock.

Several other analysts have also commented on TAST. Stephens reaffirmed an “equal weight” rating and issued a $9.55 price objective (down previously from $13.00) on shares of Carrols Restaurant Group in a research report on Tuesday, January 16th. Truist Financial reissued a “hold” rating and issued a $9.55 price target (down previously from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Finally, Craig Hallum reissued a “hold” rating on shares of Carrols Restaurant Group in a research report on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.87.

Carrols Restaurant Group Stock Performance

Shares of TAST stock opened at $9.49 on Monday. The firm has a market cap of $544.54 million, a price-to-earnings ratio of 18.25 and a beta of 2.50. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.41 and a current ratio of 0.49. Carrols Restaurant Group has a 52 week low of $2.82 and a 52 week high of $9.54. The firm’s 50-day simple moving average is $9.47 and its two-hundred day simple moving average is $8.15.

Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings data on Friday, March 8th. The restaurant operator reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $470.36 million for the quarter, compared to analyst estimates of $470.41 million. Carrols Restaurant Group had a net margin of 1.80% and a return on equity of 19.41%. As a group, equities analysts forecast that Carrols Restaurant Group will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On Carrols Restaurant Group

Several hedge funds have recently bought and sold shares of TAST. American Century Companies Inc. grew its stake in Carrols Restaurant Group by 29.7% during the first quarter. American Century Companies Inc. now owns 87,542 shares of the restaurant operator’s stock valued at $198,000 after acquiring an additional 20,040 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Carrols Restaurant Group by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,104,993 shares of the restaurant operator’s stock valued at $4,757,000 after acquiring an additional 137,213 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Carrols Restaurant Group by 59.0% during 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 purchased a new position in Carrols Restaurant Group during the first quarter valued at approximately $214,000. Finally, Mirabella Financial Services LLP purchased a new position in Carrols Restaurant Group during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 86.80% of the company’s stock.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates restaurants in the United States. It operates quick service restaurants as a franchisee under the Burger King and Popeyes brands in 23 Northeastern, Midwestern, Southcentral, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.