Carrols Restaurant Group (NASDAQ:TAST) Stock Price Passes Above Two Hundred Day Moving Average of $1.77

Carrols Restaurant Group, Inc. (NASDAQ:TAST – Get Rating) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.77 and traded as high as $2.12. Carrols Restaurant Group shares last traded at $2.08, with a volume of 130,106 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stephens reissued an “overweight” rating and issued a $3.00 price objective on shares of Carrols Restaurant Group in a research report on Tuesday, February 28th. Craig Hallum upgraded Carrols Restaurant Group from a “hold” rating to a “buy” rating and raised their target price for the company from $2.50 to $4.00 in a research note on Tuesday, March 7th.

Carrols Restaurant Group Stock Performance

The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 3.18. The stock has a 50 day simple moving average of $1.99 and a 200 day simple moving average of $1.77. The company has a market capitalization of $117.12 million, a price-to-earnings ratio of -1.40 and a beta of 2.38.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TAST. American Century Companies Inc. grew its position in Carrols Restaurant Group by 29.7% during the 1st quarter. American Century Companies Inc. now owns 87,542 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 20,040 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Carrols Restaurant Group by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,104,993 shares of the restaurant operator’s stock valued at $4,757,000 after purchasing an additional 137,213 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Carrols Restaurant Group by 59.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 112,699 shares of the restaurant operator’s stock valued at $255,000 after purchasing an additional 41,800 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Carrols Restaurant Group in the 1st quarter valued at $214,000. Finally, Mirabella Financial Services LLP acquired a new stake in shares of Carrols Restaurant Group in the 1st quarter valued at $35,000. Institutional investors own 27.67% of the company’s stock.

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.