Carrols Restaurant Group (NASDAQ:TAST) Coverage Initiated by Analysts at Stephens

Stephens began coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research report sent to investors on Tuesday, The Fly reports. The firm issued an overweight rating and a $8.00 price target on the restaurant operator’s stock.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Carrols Restaurant Group from a sell rating to a hold rating in a research report on Saturday, May 9th. Craig Hallum upped their price target on Carrols Restaurant Group from $5.00 to $8.00 in a report on Monday, June 15th. Raymond James cut Carrols Restaurant Group from an outperform rating to a market perform rating in a report on Thursday, April 2nd. Finally, SunTrust Banks upped their price target on Carrols Restaurant Group from $4.00 to $6.00 and gave the stock a buy rating in a report on Friday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Carrols Restaurant Group has an average rating of Buy and an average target price of $7.10.

NASDAQ TAST opened at $4.75 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 4.70. The business’s 50 day moving average is $4.49 and its two-hundred day moving average is $4.34. Carrols Restaurant Group has a 12-month low of $0.98 and a 12-month high of $9.76. The stock has a market capitalization of $238.84 million, a price-to-earnings ratio of -5.40 and a beta of 2.34.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Thursday, May 7th. The restaurant operator reported ($0.38) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.38). Carrols Restaurant Group had a negative return on equity of 8.11% and a negative net margin of 2.81%. The company had revenue of $351.52 million for the quarter, compared to analysts’ expectations of $362.91 million. Equities analysts forecast that Carrols Restaurant Group will post -0.32 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. lifted its stake in Carrols Restaurant Group by 5.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 43,611 shares of the restaurant operator’s stock valued at $307,000 after buying an additional 2,190 shares in the last quarter. Swiss National Bank lifted its stake in Carrols Restaurant Group by 4.0% in the 4th quarter. Swiss National Bank now owns 67,924 shares of the restaurant operator’s stock valued at $479,000 after buying an additional 2,600 shares in the last quarter. Rhumbline Advisers lifted its stake in Carrols Restaurant Group by 7.5% in the 1st quarter. Rhumbline Advisers now owns 59,124 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 4,100 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Carrols Restaurant Group by 66.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,350 shares of the restaurant operator’s stock valued at $39,000 after buying an additional 8,550 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Carrols Restaurant Group by 7.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 127,998 shares of the restaurant operator’s stock valued at $233,000 after buying an additional 9,186 shares in the last quarter. 46.65% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Carrols Restaurant Group (NASDAQ:TAST)

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