Carrols Restaurant Group, Inc. (TAST) Receives $15.33 Consensus Target Price from Brokerages
Carrols Restaurant Group, Inc. (NASDAQ:TAST) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $15.33.
Several analysts have weighed in on TAST shares. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday, December 21st. Citigroup lifted their price objective on Carrols Restaurant Group from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, November 20th. BidaskClub cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, ValuEngine cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Friday.
In other news, CFO Paul R. Flanders sold 2,500 shares of Carrols Restaurant Group stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $12.80, for a total transaction of $32,000.00. The transaction 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 Carrols Restaurant Group stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $13.06, for a total transaction of $653,000.00. Following the transaction, 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 58,900 shares of company stock valued at $767,944 over the last quarter. Company insiders own 5.60% of the company’s stock.
Carrols Restaurant Group (NASDAQ TAST) traded up $0.15 during trading on Friday, reaching $12.55. The company’s stock had a trading volume of 258,706 shares, compared to its average volume of 265,533. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95. The company has a market cap of $457.41, a PE ratio of 105.42, a price-to-earnings-growth ratio of 2.67 and a beta of 0.15. Carrols Restaurant Group has a fifty-two week low of $9.90 and a fifty-two week high of $17.55.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $277.00 million. Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.61%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. equities analysts forecast that Carrols Restaurant Group will post 0.17 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Carrols Restaurant Group, Inc. (TAST) Receives $15.33 Consensus Target Price from Brokerages” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/carrols-restaurant-group-inc-tast-receives-15-33-consensus-target-price-from-brokerages/1848381.html.
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.
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.