Carrols Restaurant Group Inc. (NASDAQ:TAST) has been assigned an average broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a one year consensus price target of $16.75 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Carrols Restaurant Group an industry rank of 191 out of 265 based on the ratings given to related companies.
TAST has been the subject of several analyst reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $15.50 price objective (up from $15.00) on shares of Carrols Restaurant Group in a report on Tuesday, July 5th. Zacks Investment Research cut shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th.
Shares of Carrols Restaurant Group (NASDAQ:TAST) opened at 12.63 on Tuesday. The company has a 50 day moving average of $13.21 and a 200 day moving average of $13.05. Carrols Restaurant Group has a 52 week low of $10.57 and a 52 week high of $14.80. The company has a market cap of $443.60 million, a PE ratio of 24.48 and a beta of -0.17.
Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The company earned $241.40 million during the quarter, compared to the consensus estimate of $244.61 million. Carrols Restaurant Group had a net margin of 2.83% and a return on equity of 26.41%. On average, analysts expect that Carrols Restaurant Group will post $0.59 EPS for the current year.
In other Carrols Restaurant Group news, VP Timothy Lalonde sold 4,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $13.61, for a total value of $54,440.00. Following the sale, the vice president now directly owns 96,053 shares in the company, valued at approximately $1,307,281.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.30% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in Carrols Restaurant Group by 0.5% in the second quarter. Victory Capital Management Inc. now owns 89,183 shares of the company’s stock valued at $1,061,000 after buying an additional 400 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in Carrols Restaurant Group by 3.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 21,800 shares of the company’s stock valued at $315,000 after buying an additional 700 shares during the period. Moors & Cabot Inc. boosted its stake in Carrols Restaurant Group by 12.6% in the second quarter. Moors & Cabot Inc. now owns 12,841 shares of the company’s stock valued at $154,000 after buying an additional 1,441 shares during the period. Legal & General Group Plc boosted its stake in Carrols Restaurant Group by 34.4% in the first quarter. Legal & General Group Plc now owns 7,062 shares of the company’s stock valued at $102,000 after buying an additional 1,807 shares during the period. Finally, Eqis Capital Management Inc. boosted its stake in Carrols Restaurant Group by 15.2% in the second quarter. Eqis Capital Management Inc. now owns 14,339 shares of the company’s stock valued at $171,000 after buying an additional 1,892 shares during the period. Institutional investors and hedge funds own 82.61% of the company’s stock.
Carrols Restaurant Group Company Profile
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.