Carrols Restaurant Group (NASDAQ:TAST) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Carrols Restaurant Group (NASDAQ:TASTFree Report) in a research report released on Monday. The firm issued a buy rating on the restaurant operator’s stock.

Carrols Restaurant Group Price Performance

NASDAQ:TAST opened at $9.54 on Monday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.41 and a current ratio of 0.48. The company has a market cap of $502.00 million, a PE ratio of 16.74 and a beta of 2.48. Carrols Restaurant Group has a 52-week low of $4.29 and a 52-week high of $9.56. The stock has a 50-day simple moving average of $9.52 and a 200 day simple moving average of $9.05.

Carrols Restaurant Group (NASDAQ:TASTGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $452.19 million during the quarter. Carrols Restaurant Group had a return on equity of 22.38% and a net margin of 1.94%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake in Carrols Restaurant Group by 15.8% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Carrols Restaurant Group by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 40,258 shares of the restaurant operator’s stock valued at $383,000 after purchasing an additional 1,259 shares in the last quarter. Federated Hermes Inc. grew its stake in Carrols Restaurant Group by 73.6% in the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 1,381 shares in the last quarter. Mackenzie Financial Corp grew its stake 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 valued at $101,000 after purchasing an additional 2,022 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in Carrols Restaurant Group by 11.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 36,784 shares of the restaurant operator’s stock valued at $242,000 after purchasing an additional 3,860 shares in the last quarter. 86.80% of the stock is currently owned by institutional investors.

Carrols Restaurant Group Company Profile

(Get Free Report)

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.

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