Carrols Restaurant Group, Inc. (NASDAQ:TAST) Stock Rating Lowered by ValuEngine

Carrols Restaurant Group, Inc. (NASDAQ:TAST) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Saturday.

TAST has been the topic of a number of other reports. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $17.50 price objective on shares of Carrols Restaurant Group in a research note on Monday, July 24th. Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Dougherty & Co dropped their price objective on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a research note on Thursday.

Shares of Carrols Restaurant Group (NASDAQ:TAST) opened at 11.20 on Friday. Carrols Restaurant Group has a 52 week low of $9.60 and a 52 week high of $17.55. The company has a market capitalization of $396.58 million, a PE ratio of 16.28 and a beta of 0.02. The company’s 50 day moving average is $12.14 and its 200-day moving average is $13.52.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in TAST. Markston International LLC increased its position in shares of Carrols Restaurant Group by 129.0% in the first quarter. Markston International LLC now owns 7,100 shares of the restaurant operator’s stock worth $100,000 after buying an additional 4,000 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Carrols Restaurant Group by 179.1% in the second quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock worth $105,000 after buying an additional 5,485 shares in the last quarter. IHT Wealth Management LLC acquired a new position in shares of Carrols Restaurant Group during the first quarter worth about $109,000. Stifel Financial Corp acquired a new position in shares of Carrols Restaurant Group during the first quarter worth about $143,000. Finally, GW&K Investment Management LLC acquired a new position in shares of Carrols Restaurant Group during the first quarter worth about $149,000. 84.21% of the stock is currently owned by institutional investors.

Carrols Restaurant Group Company Profile

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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