Analysts Set Carrols Restaurant Group, Inc. (TAST) Price Target at $15.25

Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $15.25.

A number of brokerages have recently weighed in on TAST. ValuEngine downgraded Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BidaskClub downgraded Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, December 6th. Dougherty & Co reiterated a “buy” rating on shares of Carrols Restaurant Group in a report on Sunday, March 4th. Finally, Citigroup lowered their price target on Carrols Restaurant Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 5th.

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A number of large investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new position in Carrols Restaurant Group during the 4th quarter valued at approximately $212,000. Vident Investment Advisory LLC acquired a new position in Carrols Restaurant Group during the 4th quarter valued at approximately $499,000. Millennium Management LLC boosted its position in Carrols Restaurant Group by 679.3% during the 4th quarter. Millennium Management LLC now owns 984,561 shares of the restaurant operator’s stock valued at $11,962,000 after purchasing an additional 858,225 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Carrols Restaurant Group by 20,432.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,114 shares of the restaurant operator’s stock valued at $147,000 after purchasing an additional 12,055 shares during the period. Finally, Teachers Advisors LLC boosted its position in Carrols Restaurant Group by 17.1% during the 4th quarter. Teachers Advisors LLC now owns 76,651 shares of the restaurant operator’s stock valued at $931,000 after purchasing an additional 11,217 shares during the period. Institutional investors and hedge funds own 87.85% of the company’s stock.

Shares of NASDAQ TAST traded down $0.05 during trading on Friday, reaching $11.20. The stock had a trading volume of 407,848 shares, compared to its average volume of 265,288. Carrols Restaurant Group has a one year low of $9.90 and a one year high of $14.45. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $409.24, a price-to-earnings ratio of 56.00, a price-to-earnings-growth ratio of 2.15 and a beta of 0.13.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Carrols Restaurant Group had a return on equity of 5.58% and a net margin of 0.66%. The business had revenue of $283.97 million during the quarter, compared to the consensus estimate of $274.59 million. During the same period in the previous year, the business earned $0.04 EPS. The business’s quarterly revenue was up 17.9% on a year-over-year basis. equities analysts predict that Carrols Restaurant Group will post 0.26 earnings per share for the current year.

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About Carrols Restaurant Group

Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.

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