Shares of Carrols Restaurant Group Inc. (NASDAQ:TAST) have received an average broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus target price of $16.75 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Carrols Restaurant Group an industry rank of 167 out of 265 based on the ratings given to related companies.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Thursday, September 15th. Citigroup Inc. reissued a “buy” rating and set a $15.50 price target (up from $15.00) on shares of Carrols Restaurant Group in a report on Tuesday, July 5th.
In other Carrols Restaurant Group news, VP Timothy Lalonde sold 4,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $13.61, for a total transaction of $54,440.00. Following the transaction, the vice president now directly owns 96,053 shares in the company, valued at $1,307,281.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Manhattan Co. raised its position in shares of Carrols Restaurant Group by 42.9% in the second quarter. First Manhattan Co. now owns 2,863,387 shares of the company’s stock valued at $34,074,000 after buying an additional 859,472 shares during the last quarter. Cove Street Capital LLC raised its position in shares of Carrols Restaurant Group by 23.3% in the second quarter. Cove Street Capital LLC now owns 2,528,229 shares of the company’s stock valued at $30,085,000 after buying an additional 477,037 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Carrols Restaurant Group during the second quarter valued at $4,975,000. Eagle Asset Management Inc. bought a new position in shares of Carrols Restaurant Group during the third quarter valued at $4,209,000. Finally, Renaissance Technologies LLC raised its position in shares of Carrols Restaurant Group by 34.3% in the first quarter. Renaissance Technologies LLC now owns 1,234,300 shares of the company’s stock valued at $17,823,000 after buying an additional 315,400 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.
Carrols Restaurant Group (NASDAQ:TAST) opened at 12.52 on Wednesday. The firm has a 50-day moving average of $12.91 and a 200-day moving average of $12.90. Carrols Restaurant Group has a 1-year low of $10.57 and a 1-year high of $14.80. The stock has a market capitalization of $439.74 million, a price-to-earnings ratio of 24.26 and a beta of -0.17.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm earned $241.40 million during the quarter, compared to analysts’ expectations of $244.61 million. Carrols Restaurant Group had a net margin of 2.83% and a return on equity of 26.41%. Equities research analysts anticipate that Carrols Restaurant Group will post $0.61 EPS for the current year.
About Carrols Restaurant Group
Carrols Restaurant Group, Inc is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name.