StockNews.com Begins Coverage on Carrols Restaurant Group (NASDAQ:TAST)

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

Other equities analysts have also recently issued reports about the company. Stephens reiterated an “equal weight” rating and issued a $9.55 target price (down from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. Craig Hallum reiterated a “hold” rating on shares of Carrols Restaurant Group in a report on Wednesday, January 17th. Finally, Truist Financial reiterated a “hold” rating and issued a $9.55 target price (down from $10.00) on shares of Carrols Restaurant Group in a report on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.87.

Carrols Restaurant Group Price Performance

Shares of TAST opened at $9.51 on Tuesday. Carrols Restaurant Group has a 12-month low of $3.47 and a 12-month high of $9.54. The business’s fifty day moving average is $9.48 and its 200 day moving average is $8.23. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 2.28. The stock has a market cap of $545.68 million, a P/E ratio of 18.29 and a beta of 2.50.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Carrols Restaurant Group had a return on equity of 19.41% and a net margin of 1.80%. The company had revenue of $470.36 million for the quarter, compared to analysts’ expectations of $470.41 million. Sell-side analysts anticipate that Carrols Restaurant Group will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carrols Restaurant Group

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in Carrols Restaurant Group by 15.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,126 shares in the last quarter. Federated Hermes Inc. lifted its stake in Carrols Restaurant Group by 73.6% during the 4th quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 1,381 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Carrols Restaurant Group by 18.7% during the 4th quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 2,022 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Carrols Restaurant Group by 14.3% during the 3rd quarter. Ritholtz Wealth Management now owns 16,243 shares of the restaurant operator’s stock valued at $107,000 after purchasing an additional 2,033 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Carrols Restaurant Group by 11.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 36,784 shares of the restaurant operator’s stock valued at $242,000 after purchasing an additional 3,860 shares during the last quarter. 86.80% of the stock is currently owned by institutional investors.

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.