Very Favorable Media Coverage Extremely Likely to Affect Carrols Restaurant Group (NASDAQ:TAST) Stock Price

News headlines about Carrols Restaurant Group (NASDAQ:TAST) have been trending very positive on Friday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carrols Restaurant Group earned a daily sentiment score of 0.56 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 95 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Carrols Restaurant Group (NASDAQ TAST) traded up 4.67% during trading on Friday, reaching $11.20. 457,759 shares of the company traded hands. The company’s 50-day moving average price is $12.17 and its 200 day moving average price is $13.54. The firm has a market capitalization of $396.58 million, a price-to-earnings ratio of 16.28 and a beta of 0.02. Carrols Restaurant Group has a 52 week low of $9.60 and a 52 week high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Carrols Restaurant Group had a return on equity of 6.51% and a net margin of 3.44%. The business had revenue of $279.48 million during the quarter, compared to the consensus estimate of $274.90 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities research analysts expect that Carrols Restaurant Group will post $0.24 EPS for the current year.

Several research analysts have weighed in on the stock. Dougherty & Co lowered their price objective on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a report on Thursday. Raymond James Financial, Inc. restated a “strong-buy” rating and set a $17.50 price objective on shares of Carrols Restaurant Group in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.

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About Carrols Restaurant Group

Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.

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