Carrols Restaurant Group (TAST) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Carrols Restaurant Group (NASDAQ:TAST) from a sell rating to a hold rating in a research report report published on Wednesday, BidAskClub reports.

TAST has been the subject of several other reports. Zacks Investment Research lowered Carrols Restaurant Group from a buy rating to a hold rating in a research report on Saturday, January 19th. Raymond James lowered their price objective on Carrols Restaurant Group from $16.50 to $13.50 and set an outperform rating for the company in a research report on Tuesday, January 8th. Finally, ValuEngine raised Carrols Restaurant Group from a sell rating to a hold rating in a research report on Monday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Carrols Restaurant Group presently has a consensus rating of Buy and an average price target of $15.88.

Shares of NASDAQ:TAST opened at $10.04 on Wednesday. The firm has a market cap of $374.48 million, a P/E ratio of 33.47, a P/E/G ratio of 1.78 and a beta of 0.29. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.42 and a quick ratio of 0.30. Carrols Restaurant Group has a 12-month low of $8.42 and a 12-month high of $16.40.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Wednesday, February 27th. The restaurant operator reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Carrols Restaurant Group had a return on equity of 7.64% and a net margin of 0.86%. The firm had revenue of $307.75 million during the quarter, compared to analyst estimates of $346.38 million. During the same period last year, the company posted $0.08 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that Carrols Restaurant Group will post 0.29 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in shares of Carrols Restaurant Group in the 4th quarter valued at about $31,000. Macquarie Group Ltd. grew its stake in shares of Carrols Restaurant Group by 43.7% in the 4th quarter. Macquarie Group Ltd. now owns 5,264 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 1,600 shares during the period. Legal & General Group Plc grew its stake in shares of Carrols Restaurant Group by 31.7% in the 4th quarter. Legal & General Group Plc now owns 6,502 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 1,564 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in shares of Carrols Restaurant Group by 331.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,779 shares of the restaurant operator’s stock valued at $96,000 after buying an additional 7,512 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Carrols Restaurant Group in the 4th quarter valued at about $131,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of December 30, 2018, it owned and operated 849 Burger King restaurants located in 18 Northeastern, Midwestern, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.

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