StockNews.com Begins Coverage on Carrols Restaurant Group (NASDAQ:TAST)

Investment analysts at StockNews.com started coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a note issued to investors on Thursday. The firm set a “buy” rating on the restaurant operator’s stock.

Other equities analysts have also recently issued reports about the company. Craig Hallum reaffirmed a “hold” rating on shares of Carrols Restaurant Group in a research note on Wednesday, January 17th. Truist Financial reiterated a “hold” rating and set a $9.55 price target (down from $10.00) on shares of Carrols Restaurant Group in a report on Monday, January 22nd. Finally, Stephens reissued an “equal weight” rating and issued a $9.55 price target (down previously from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Carrols Restaurant Group has an average rating of “Hold” and an average price target of $8.87.

Carrols Restaurant Group Stock Performance

Shares of TAST opened at $9.53 on Thursday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.41 and a current ratio of 0.49. Carrols Restaurant Group has a fifty-two week low of $4.07 and a fifty-two week high of $9.54. The firm has a 50 day moving average price of $9.50 and a 200-day moving average price of $8.54. The firm has a market cap of $546.88 million, a price-to-earnings ratio of 18.33 and a beta of 2.48.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $470.36 million during the quarter, compared to analyst estimates of $470.41 million. Carrols Restaurant Group had a net margin of 1.80% and a return on equity of 19.41%. As a group, equities research analysts forecast that Carrols Restaurant Group will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On Carrols Restaurant Group

Several hedge funds and other institutional investors have recently modified their holdings of TAST. Federated Hermes Inc. boosted its position in Carrols Restaurant Group by 73.6% during the 4th quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 1,381 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Carrols Restaurant Group by 15.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,126 shares during the period. AJOVista LLC purchased a new stake in Carrols Restaurant Group in the fourth quarter worth $76,000. WINTON GROUP Ltd purchased a new stake in Carrols Restaurant Group in the third quarter worth $98,000. Finally, Mackenzie Financial Corp raised its holdings in Carrols Restaurant Group by 18.7% in the fourth quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 2,022 shares in the last quarter. Hedge funds and other institutional investors own 86.80% of the company’s stock.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates restaurants in the United States. It operates quick service restaurants as a franchisee under the Burger King and Popeyes brands in 23 Northeastern, Midwestern, Southcentral, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.