Carrols Restaurant Group (TAST) to Release Quarterly Earnings on Thursday

Carrols Restaurant Group (NASDAQ:TASTGet Rating) is set to announce its earnings results before the market opens on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.35) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Carrols Restaurant Group (NASDAQ:TASTGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The restaurant operator reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. Carrols Restaurant Group had a negative return on equity of 8.94% and a negative net margin of 2.60%. The firm had revenue of $416.13 million for the quarter, compared to the consensus estimate of $420.00 million. On average, analysts expect Carrols Restaurant Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TAST stock opened at $1.64 on Thursday. Carrols Restaurant Group has a fifty-two week low of $1.50 and a fifty-two week high of $6.49. The business’s 50-day moving average is $2.13 and its two-hundred day moving average is $2.70. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.32 and a current ratio of 0.41. The company has a market cap of $89.49 million, a price-to-earnings ratio of -1.91 and a beta of 2.53.

Several hedge funds and other institutional investors have recently bought and sold shares of TAST. Citigroup Inc. raised its stake in shares of Carrols Restaurant Group by 106.4% in the fourth quarter. Citigroup Inc. now owns 8,490 shares of the restaurant operator’s stock worth $25,000 after buying an additional 4,377 shares during the period. Squarepoint Ops LLC bought a new position in shares of Carrols Restaurant Group in the fourth quarter worth about $41,000. BNP Paribas Arbitrage SA raised its stake in shares of Carrols Restaurant Group by 44.6% in the third quarter. BNP Paribas Arbitrage SA now owns 12,300 shares of the restaurant operator’s stock worth $45,000 after buying an additional 3,795 shares during the period. Bank of America Corp DE raised its stake in shares of Carrols Restaurant Group by 69.9% in the fourth quarter. Bank of America Corp DE now owns 25,103 shares of the restaurant operator’s stock worth $74,000 after buying an additional 10,326 shares during the period. Finally, Two Sigma Investments LP bought a new position in shares of Carrols Restaurant Group in the third quarter worth about $96,000. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on TAST shares. Zacks Investment Research downgraded Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 2nd. StockNews.com started coverage on Carrols Restaurant Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Stephens downgraded Carrols Restaurant Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $6.00 to $3.00 in a report on Wednesday, January 5th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.20.

Carrols Restaurant Group Company Profile (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.

Further Reading

Earnings History for Carrols Restaurant Group (NASDAQ:TAST)

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