Carrols Restaurant Group (NASDAQ:TAST) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Carrols Restaurant Group (NASDAQ:TAST – Get Rating) in a research note released on Thursday. The firm issued a hold rating on the restaurant operator’s stock.

Several other equities analysts have also recently weighed in on TAST. Stephens restated an overweight rating and set a $3.00 price target on shares of Carrols Restaurant Group in a report on Tuesday, February 28th. Craig Hallum upgraded Carrols Restaurant Group from a hold rating to a buy rating and raised their price target for the company from $2.50 to $4.00 in a report on Tuesday, March 7th.

Carrols Restaurant Group Trading Down 5.8 %

NASDAQ TAST opened at $2.10 on Thursday. The business has a 50 day simple moving average of $2.03 and a two-hundred day simple moving average of $1.77. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.30 and a current ratio of 0.38. Carrols Restaurant Group has a 1-year low of $1.28 and a 1-year high of $2.69.

Institutional Investors Weigh In On Carrols Restaurant Group

Institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC bought a new stake in shares of Carrols Restaurant Group in the 2nd quarter valued at approximately $26,000. Mirabella Financial Services LLP bought a new stake in shares of Carrols Restaurant Group in the 1st quarter valued at approximately $35,000. Mackenzie Financial Corp bought a new stake in shares of Carrols Restaurant Group in the 3rd quarter valued at approximately $38,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Carrols Restaurant Group in the 3rd quarter valued at approximately $123,000. Finally, American Century Companies Inc. lifted its stake in shares of Carrols Restaurant Group by 29.7% in the 1st quarter. American Century Companies Inc. now owns 87,542 shares of the restaurant operator’s stock valued at $198,000 after purchasing an additional 20,040 shares during the last quarter. 27.67% of the stock is owned by institutional investors.

Carrols Restaurant Group Company Profile

(Get Rating)

Carrols Restaurant Group, Inc engages in the operation of restaurants under the Burger King and Popeyes brands. It serves flame-broiled whopper sandwich, hamburgers, chicken and other specialty sandwiches, fries, salads, breakfast items, smoothies, frappes, and other snacks. The company was founded in 1960 and is headquartered in Syracuse, NY.