Equities analysts expect Carrols Restaurant Group Inc (NASDAQ:TAST) to report sales of $399.55 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Carrols Restaurant Group’s earnings. The highest sales estimate is $401.80 million and the lowest is $398.02 million. Carrols Restaurant Group posted sales of $296.92 million in the same quarter last year, which indicates a positive year over year growth rate of 34.6%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 5th.
On average, analysts expect that Carrols Restaurant Group will report full-year sales of $1.46 billion for the current year, with estimates ranging from $1.46 billion to $1.47 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.66 billion, with estimates ranging from $1.63 billion to $1.72 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Carrols Restaurant Group.
Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.07). Carrols Restaurant Group had a positive return on equity of 0.16% and a negative net margin of 0.77%. The company had revenue of $368.56 million for the quarter, compared to analyst estimates of $366.91 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. Carrols Restaurant Group’s revenue was up 21.6% compared to the same quarter last year.
Carrols Restaurant Group stock traded down $0.04 during midday trading on Thursday, hitting $7.53. 429,361 shares of the company’s stock were exchanged, compared to its average volume of 370,034. Carrols Restaurant Group has a 12-month low of $6.23 and a 12-month high of $13.98. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.22 and a current ratio of 0.32. The stock has a market cap of $333.67 million, a price-to-earnings ratio of 25.10 and a beta of 0.55. The firm’s 50 day simple moving average is $7.75 and its 200 day simple moving average is $8.56.
In related news, VP Richard G. Cross sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $8.63, for a total transaction of $125,998.00. Following the sale, the vice president now owns 185,698 shares of the company’s stock, valued at $1,602,573.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alexander R. Sloane bought 13,315 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $7.54 per share, with a total value of $100,395.10. Following the transaction, the director now owns 11,909 shares of the company’s stock, valued at approximately $89,793.86. The disclosure for this purchase can be found here. 22.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TAST. Bank of Montreal Can acquired a new position in Carrols Restaurant Group during the second quarter worth about $27,000. Tower Research Capital LLC TRC raised its position in shares of Carrols Restaurant Group by 354.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,284 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 2,561 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Carrols Restaurant Group in the second quarter valued at approximately $90,000. Ardsley Advisory Partners LP acquired a new position in shares of Carrols Restaurant Group in the second quarter valued at approximately $91,000. Finally, Simplex Trading LLC raised its position in shares of Carrols Restaurant Group by 2,616.7% in the third quarter. Simplex Trading LLC now owns 12,035 shares of the restaurant operator’s stock valued at $99,000 after buying an additional 11,592 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.
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