Carrols Restaurant Group, Inc. (NASDAQ:TAST) CFO Paul R. Flanders sold 17,501 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $15.85, for a total value of $277,390.85. Following the transaction, the chief financial officer now directly owns 323,312 shares of the company’s stock, valued at $5,124,495.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
TAST traded down $0.05 on Thursday, hitting $15.95. 151,900 shares of the company were exchanged, compared to its average volume of 264,467. Carrols Restaurant Group, Inc. has a 12 month low of $9.90 and a 12 month high of $16.30. The firm has a market capitalization of $568.18 million, a PE ratio of 79.75, a PEG ratio of 2.17 and a beta of 0.34. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.83 and a current ratio of 0.94.
Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Tuesday, August 7th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Carrols Restaurant Group had a return on equity of 8.53% and a net margin of 1.00%. The business had revenue of $303.05 million for the quarter, compared to analyst estimates of $301.21 million. research analysts forecast that Carrols Restaurant Group, Inc. will post 0.36 earnings per share for the current year.
Several research analysts have recently weighed in on TAST shares. ValuEngine cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. SunTrust Banks started coverage on Carrols Restaurant Group in a research report on Wednesday, May 23rd. They set a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, July 10th. BidaskClub raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Finally, Citigroup upped their price objective on Carrols Restaurant Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 25th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Carrols Restaurant Group has a consensus rating of “Buy” and a consensus price target of $17.63.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King. As of December 31, 2017, it owned and operated 807 Burger King restaurants located in 17 states of the United States. The company was founded in 1960 and is headquartered in Syracuse, New York.
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