Carrols Restaurant Group, Inc. (NASDAQ:TAST) Receives $7.63 Average Target Price from Analysts

Carrols Restaurant Group, Inc. (NASDAQ:TASTGet Free Report) has received a consensus recommendation of “Buy” from the four analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $7.63.

TAST has been the topic of several research analyst reports. TheStreet raised shares of Carrols Restaurant Group from a “d+” rating to a “c” rating in a research report on Wednesday. Stephens upped their price objective on shares of Carrols Restaurant Group from $6.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Truist Financial upped their price objective on shares of Carrols Restaurant Group from $7.00 to $9.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, StockNews.com started coverage on shares of Carrols Restaurant Group in a report on Thursday, October 5th. They issued a “buy” rating on the stock.

Check Out Our Latest Analysis on Carrols Restaurant Group

Insiders Place Their Bets

In other news, VP Richard G. Cross sold 5,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $7.06, for a total value of $35,300.00. Following the completion of the sale, the vice president now directly owns 277,179 shares in the company, valued at $1,956,883.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 33.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carrols Restaurant Group

Hedge funds have recently modified their holdings of the company. Verition Fund Management LLC purchased a new stake in shares of Carrols Restaurant Group in the second quarter valued at about $26,000. BluePath Capital Management LLC purchased a new stake in shares of Carrols Restaurant Group in the third quarter valued at about $34,000. Mirabella Financial Services LLP purchased a new stake in shares of Carrols Restaurant Group in the first quarter valued at about $35,000. Mackenzie Financial Corp grew its holdings in shares of Carrols Restaurant Group by 21.9% in the fourth quarter. Mackenzie Financial Corp now owns 28,145 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 5,059 shares during the period. Finally, Barclays PLC purchased a new stake in shares of Carrols Restaurant Group in the second quarter valued at about $49,000. Hedge funds and other institutional investors own 29.12% of the company’s stock.

Carrols Restaurant Group Stock Up 2.4 %

NASDAQ:TAST opened at $5.97 on Thursday. The company has a market cap of $325.31 million, a PE ratio of -19.26 and a beta of 2.30. Carrols Restaurant Group has a twelve month low of $1.31 and a twelve month high of $7.75. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 2.76. The company’s 50 day moving average is $6.16 and its two-hundred day moving average is $5.63.

Carrols Restaurant Group (NASDAQ:TASTGet Free Report) last released its earnings results on Thursday, August 10th. The restaurant operator reported $0.27 earnings per share for the quarter. The company had revenue of $485.22 million for the quarter, compared to the consensus estimate of $479.91 million. Carrols Restaurant Group had a negative net margin of 0.66% and a positive return on equity of 4.53%. Analysts anticipate that Carrols Restaurant Group will post 0.37 EPS for the current year.

Carrols Restaurant Group Company Profile

(Get Free Report

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. The company was founded in 1960 and is headquartered in Syracuse, New York.

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