Brokerages Anticipate Carrols Restaurant Group, Inc. (NASDAQ:TAST) to Post -$0.03 EPS

Equities analysts expect Carrols Restaurant Group, Inc. (NASDAQ:TASTGet Rating) to post earnings per share of ($0.03) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Carrols Restaurant Group’s earnings. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Carrols Restaurant Group will report full year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.59) to ($0.34). For the next year, analysts expect that the company will report earnings of ($0.13) per share, with EPS estimates ranging from ($0.20) to ($0.06). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TASTGet Rating) last issued its quarterly earnings data on Thursday, May 12th. The restaurant operator reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.02. The business had revenue of $399.48 million during the quarter, compared to the consensus estimate of $401.04 million. Carrols Restaurant Group had a negative net margin of 3.44% and a negative return on equity of 14.32%. During the same quarter in the prior year, the firm posted ($0.13) earnings per share.

TAST has been the subject of a number of research reports. Zacks Investment Research cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 14th. StockNews.com initiated coverage on shares of Carrols Restaurant Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Carrols Restaurant Group has a consensus rating of “Hold” and a consensus target price of $4.20.

A number of hedge funds and other institutional investors have recently made changes to their positions in TAST. Royce & Associates LP grew its stake in Carrols Restaurant Group by 89.6% during the 4th quarter. Royce & Associates LP now owns 972,823 shares of the restaurant operator’s stock valued at $2,880,000 after acquiring an additional 459,730 shares in the last quarter. Union Square Park Capital Management LLC grew its stake in Carrols Restaurant Group by 136.1% during the 4th quarter. Union Square Park Capital Management LLC now owns 708,271 shares of the restaurant operator’s stock valued at $2,096,000 after acquiring an additional 408,271 shares in the last quarter. First Manhattan Co. grew its stake in Carrols Restaurant Group by 18.2% during the 3rd quarter. First Manhattan Co. now owns 2,152,517 shares of the restaurant operator’s stock valued at $7,878,000 after acquiring an additional 331,603 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Carrols Restaurant Group by 488.9% in the 1st quarter. Wolverine Asset Management LLC now owns 375,013 shares of the restaurant operator’s stock valued at $847,000 after buying an additional 311,328 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Carrols Restaurant Group by 355.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 337,011 shares of the restaurant operator’s stock valued at $762,000 after buying an additional 263,043 shares during the period. 35.82% of the stock is owned by institutional investors.

Shares of TAST stock traded up $0.01 on Wednesday, reaching $1.42. 6,016 shares of the company were exchanged, compared to its average volume of 315,666. The company has a market cap of $75.36 million, a price-to-earnings ratio of -1.22 and a beta of 2.53. The business has a 50-day moving average price of $1.92 and a 200 day moving average price of $2.52. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.26 and a current ratio of 0.34. Carrols Restaurant Group has a 1 year low of $1.28 and a 1 year high of $6.36.

About Carrols Restaurant Group (Get Rating)

Carrols Restaurant Group, Inc, through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King and Popeyes franchisee. As of January 2, 2022, it operated 1,026 Burger King restaurants located in 23 Northeastern, Midwestern, Southcentral, and Southeastern states; and 65 Popeyes restaurants in seven Southeastern states.

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