Carrols Restaurant Group, Inc. (NASDAQ:TAST) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.33.

A number of equities research analysts have commented on the company. Raymond James Financial restated an “outperform” rating and set a $15.50 price objective on shares of Carrols Restaurant Group in a research report on Tuesday, September 26th. UBS Group lowered Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, December 6th. BidaskClub lowered Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, ValuEngine upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd.

Carrols Restaurant Group (TAST) remained flat at $$13.25 during trading hours on Tuesday. 168,044 shares of the company’s stock traded hands, compared to its average volume of 216,035. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.79. Carrols Restaurant Group has a 12 month low of $9.90 and a 12 month high of $17.55. The firm has a market cap of $479.11, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 3.01 and a beta of 0.17.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.61%. The company had revenue of $258.24 million during the quarter, compared to analyst estimates of $277.00 million. During the same quarter last year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. sell-side analysts expect that Carrols Restaurant Group will post 0.15 EPS for the current fiscal year.

In other Carrols Restaurant Group news, CFO Paul R. Flanders sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $12.80, for a total transaction of $32,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel T. Accordino sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $13.06, for a total value of $653,000.00. Following the sale, the chief executive officer now owns 1,147,860 shares of the company’s stock, valued at $14,991,051.60. The disclosure for this sale can be found here. Insiders have sold a total of 58,900 shares of company stock valued at $767,944 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in TAST. Brown Advisory Inc. lifted its holdings in shares of Carrols Restaurant Group by 45.0% during the 3rd quarter. Brown Advisory Inc. now owns 2,430,927 shares of the restaurant operator’s stock valued at $26,497,000 after buying an additional 754,789 shares during the last quarter. Boston Partners acquired a new stake in shares of Carrols Restaurant Group during the 3rd quarter valued at about $4,581,000. Royce & Associates LP lifted its holdings in shares of Carrols Restaurant Group by 74.0% during the 3rd quarter. Royce & Associates LP now owns 570,274 shares of the restaurant operator’s stock valued at $6,216,000 after buying an additional 242,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Carrols Restaurant Group by 13.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,883 shares of the restaurant operator’s stock valued at $25,185,000 after buying an additional 236,368 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Carrols Restaurant Group by 68.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 443,906 shares of the restaurant operator’s stock valued at $4,837,000 after buying an additional 179,757 shares during the last quarter. Institutional investors and hedge funds own 88.48% of the company’s stock.

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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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