According to Zacks, “Carrols Restaurant Group is the largest BURGER KING franchisee in the U.S., with over 800 restaurants and has operated BURGER KING restaurants since 1976. “
Separately, StockNews.com assumed coverage on Carrols Restaurant Group in a report on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.20.
Carrols Restaurant Group (NASDAQ:TAST – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The restaurant operator reported ($0.34) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.01. Carrols Restaurant Group had a negative return on equity of 8.94% and a negative net margin of 2.60%. During the same quarter last year, the business earned ($0.13) EPS. Analysts forecast that Carrols Restaurant Group will post -0.4 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. First Manhattan Co. grew its holdings in Carrols Restaurant Group by 18.2% during the third quarter. First Manhattan Co. now owns 2,152,517 shares of the restaurant operator’s stock worth $7,878,000 after acquiring an additional 331,603 shares during the period. Dimensional Fund Advisors LP grew its holdings in Carrols Restaurant Group by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,104,993 shares of the restaurant operator’s stock worth $4,757,000 after acquiring an additional 137,213 shares during the period. Royce & Associates LP grew its holdings in Carrols Restaurant Group by 28.7% during the first quarter. Royce & Associates LP now owns 1,252,423 shares of the restaurant operator’s stock worth $2,830,000 after acquiring an additional 279,600 shares during the period. Union Square Park Capital Management LLC grew its holdings in Carrols Restaurant Group by 136.1% during the fourth quarter. Union Square Park Capital Management LLC now owns 708,271 shares of the restaurant operator’s stock worth $2,096,000 after acquiring an additional 408,271 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Carrols Restaurant Group by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 603,814 shares of the restaurant operator’s stock worth $1,787,000 after acquiring an additional 35,751 shares during the period. 35.82% of the stock is currently owned by hedge funds and other institutional investors.
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.
- Get a free copy of the StockNews.com research report on Carrols Restaurant Group (TAST)
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