Analysts Set Carrols Restaurant Group, Inc. (TAST) PT at $16.50

Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.50.

Several brokerages recently weighed in on TAST. Zacks Investment Research lowered Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. BidaskClub raised Carrols Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Thursday, November 22nd. Citigroup lifted their price objective on Carrols Restaurant Group from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 13th. ValuEngine lowered Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, SunTrust Banks reissued a “buy” rating and issued a $19.00 price objective on shares of Carrols Restaurant Group in a report on Wednesday, August 8th.

A number of institutional investors and hedge funds have recently made changes to their positions in TAST. Morgan Stanley increased its holdings in Carrols Restaurant Group by 375.7% in the 3rd quarter. Morgan Stanley now owns 923,436 shares of the restaurant operator’s stock worth $13,484,000 after acquiring an additional 729,322 shares during the last quarter. Portolan Capital Management LLC boosted its stake in Carrols Restaurant Group by 1,283.5% in the 2nd quarter. Portolan Capital Management LLC now owns 711,547 shares of the restaurant operator’s stock worth $10,566,000 after purchasing an additional 660,116 shares during the period. BlackRock Inc. boosted its stake in Carrols Restaurant Group by 13.1% in the 3rd quarter. BlackRock Inc. now owns 3,279,129 shares of the restaurant operator’s stock worth $47,876,000 after purchasing an additional 378,788 shares during the period. Renaissance Technologies LLC boosted its stake in Carrols Restaurant Group by 54.1% in the 3rd quarter. Renaissance Technologies LLC now owns 1,050,600 shares of the restaurant operator’s stock worth $15,339,000 after purchasing an additional 368,685 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Carrols Restaurant Group by 121.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 512,310 shares of the restaurant operator’s stock worth $7,480,000 after purchasing an additional 281,174 shares during the period. 86.60% of the stock is owned by institutional investors.

Shares of Carrols Restaurant Group stock opened at $11.15 on Friday. Carrols Restaurant Group has a 1 year low of $10.00 and a 1 year high of $16.40. The firm has a market cap of $402.66 million, a PE ratio of 55.73, a price-to-earnings-growth ratio of 1.63 and a beta of 0.43. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 1.60.

Carrols Restaurant Group (NASDAQ:TAST) last announced its earnings results on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Carrols Restaurant Group had a return on equity of 8.62% and a net margin of 1.06%. The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $298.52 million. During the same period last year, the firm posted $0.08 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. Equities analysts expect that Carrols Restaurant Group will post 0.34 earnings per share for the current fiscal year.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

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