Carrols Restaurant Group (TAST) Receives Daily Coverage Optimism Score of 0.18

Media headlines about Carrols Restaurant Group (NASDAQ:TAST) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carrols Restaurant Group earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 46.6872456486785 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

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

Several research firms recently commented on TAST. Raymond James Financial, Inc. reiterated 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. ValuEngine upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. UBS AG downgraded Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Dougherty & Co dropped their target price on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.50.

Carrols Restaurant Group (NASDAQ TAST) traded down 1.33% during midday trading on Thursday, hitting $11.15. The company’s stock had a trading volume of 205,664 shares. The firm has a market cap of $395.01 million, a P/E ratio of 14.91 and a beta of 0.03. The company’s 50 day moving average price is $11.16 and its 200 day moving average price is $12.34. Carrols Restaurant Group has a 12 month low of $9.60 and a 12 month high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Carrols Restaurant Group had a net margin of 3.44% and a return on equity of 6.33%. The firm had revenue of $279.48 million for the quarter, compared to analysts’ expectations of $274.90 million. During the same quarter last year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts expect that Carrols Restaurant Group will post $0.16 EPS for the current year.

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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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