Carrols Restaurant Group, Inc. (TAST) Receives $19.00 Average Price Target from Brokerages

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Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.00.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Zacks Investment Research lowered shares of Carrols Restaurant Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 7th. SunTrust Banks restated a “buy” rating and set a $19.00 target price on shares of Carrols Restaurant Group in a report on Wednesday, August 8th. Finally, Citigroup lifted their target price on shares of Carrols Restaurant Group from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 13th.

In related news, VP William E. Myers sold 2,000 shares of Carrols Restaurant Group stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $16.10, for a total transaction of $32,200.00. Following the transaction, the vice president now owns 72,421 shares in the company, valued at approximately $1,165,978.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul R. Flanders sold 7,500 shares of Carrols Restaurant Group stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $16.27, for a total transaction of $122,025.00. Following the transaction, the chief financial officer now owns 305,811 shares in the company, valued at approximately $4,975,544.97. The disclosure for this sale can be found here. Insiders have sold a total of 27,001 shares of company stock worth $431,616 in the last 90 days. Company insiders own 4.60% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC purchased a new stake in Carrols Restaurant Group during the 3rd quarter worth $107,000. Cubist Systematic Strategies LLC purchased a new stake in Carrols Restaurant Group during the 1st quarter worth $115,000. Trexquant Investment LP purchased a new stake in Carrols Restaurant Group during the 2nd quarter worth $162,000. Campbell & CO Investment Adviser LLC purchased a new stake in Carrols Restaurant Group during the 2nd quarter worth $170,000. Finally, Barclays PLC increased its stake in Carrols Restaurant Group by 79.3% during the 1st quarter. Barclays PLC now owns 11,605 shares of the restaurant operator’s stock worth $130,000 after buying an additional 5,131 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.

Shares of TAST traded down $0.16 during mid-day trading on Monday, reaching $11.30. The company had a trading volume of 144,159 shares, compared to its average volume of 216,939. The firm has a market cap of $421.66 million, a PE ratio of 56.50, a price-to-earnings-growth ratio of 1.71 and a beta of 0.51. Carrols Restaurant Group has a fifty-two week low of $10.00 and a fifty-two week high of $16.40. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 1.66.

Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. The company had revenue of $297.00 million for the quarter, compared to analyst estimates of $298.52 million. Carrols Restaurant Group had a net margin of 1.06% and a return on equity of 8.75%. Carrols Restaurant Group’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. As a group, equities research analysts anticipate that Carrols Restaurant Group will post 0.34 earnings per share for the current year.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

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