Wall Street brokerages expect Carrols Restaurant Group, Inc. (NASDAQ:TAST) to post earnings of $0.09 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Carrols Restaurant Group’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.08. Carrols Restaurant Group posted earnings per share of $0.08 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The company is expected to report its next earnings results on Wednesday, February 27th.

On average, analysts expect that Carrols Restaurant Group will report full-year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.27 to $0.38. For the next year, analysts forecast that the business will post earnings of $0.40 per share, with EPS estimates ranging from $0.28 to $0.49. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Carrols Restaurant Group had a net margin of 1.06% and a return on equity of 8.62%. The business had revenue of $297.00 million during the quarter, compared to analyst estimates of $298.52 million. During the same period in the previous year, the business earned $0.08 EPS. Carrols Restaurant Group’s revenue was up 4.2% compared to the same quarter last year.

A number of equities analysts have recently issued reports on TAST shares. BidaskClub raised Carrols Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 9th. Zacks Investment Research lowered shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. ValuEngine cut shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Citigroup set a $14.00 price target on Carrols Restaurant Group and gave the company a “buy” rating in a research report on Monday, November 12th. Finally, Raymond James reduced their price target on Carrols Restaurant Group from $16.50 to $13.50 and set an “outperform” rating for the company in a research report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.88.

NASDAQ TAST traded down $0.33 during trading hours on Monday, reaching $8.66. The company had a trading volume of 393,150 shares, compared to its average volume of 213,624. Carrols Restaurant Group has a 1-year low of $8.56 and a 1-year high of $16.40. The stock has a market capitalization of $316.43 million, a P/E ratio of 43.30, a PEG ratio of 1.09 and a beta of 0.56. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.62 and a quick ratio of 0.51.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAST. Schwab Charles Investment Management Inc. boosted its holdings in shares of Carrols Restaurant Group by 7.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 174,741 shares of the restaurant operator’s stock worth $2,595,000 after acquiring an additional 11,782 shares during the period. BlackRock Inc. increased its holdings in Carrols Restaurant Group by 13.7% during the second quarter. BlackRock Inc. now owns 2,900,341 shares of the restaurant operator’s stock valued at $43,069,000 after buying an additional 349,514 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Carrols Restaurant Group by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,357,716 shares of the restaurant operator’s stock valued at $35,012,000 after purchasing an additional 49,309 shares during the last quarter. FMR LLC increased its position in Carrols Restaurant Group by 30.4% during the 2nd quarter. FMR LLC now owns 1,036,096 shares of the restaurant operator’s stock valued at $15,386,000 after purchasing an additional 241,400 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Carrols Restaurant Group by 29.7% during the 2nd quarter. Renaissance Technologies LLC now owns 681,915 shares of the restaurant operator’s stock valued at $10,126,000 after acquiring an additional 156,083 shares during the period. 86.60% of the stock is owned by institutional investors.

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.

Further Reading: Short Selling – Explanation For Shorting Stocks

Get a free copy of the Zacks research report on Carrols Restaurant Group (TAST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Carrols Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.