A number of firms have modified their ratings and price targets on shares of Carrols Restaurant Group (NASDAQ: TAST) recently:

  • 9/19/2019 – Carrols Restaurant Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Carrols Restaurant Group is the largest BURGER KING franchisee in the U.S., with over 800 restaurants and has operated BURGER KING restaurants since 1976. “
  • 9/13/2019 – Carrols Restaurant Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Carrols Restaurant Group is the largest BURGER KING franchisee in the U.S., with over 800 restaurants and has operated BURGER KING restaurants since 1976. “
  • 9/4/2019 – Carrols Restaurant Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Carrols Restaurant Group is the largest BURGER KING franchisee in the U.S., with over 800 restaurants and has operated BURGER KING restaurants since 1976. “
  • 9/4/2019 – Carrols Restaurant Group is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $9.00 price target on the stock.
  • 8/29/2019 – Carrols Restaurant Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Carrols Restaurant Group is the largest BURGER KING franchisee in the U.S., with over 800 restaurants and has operated BURGER KING restaurants since 1976. “
  • 8/21/2019 – Carrols Restaurant Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Carrols Restaurant Group is the largest BURGER KING franchisee in the U.S., with over 800 restaurants and has operated BURGER KING restaurants since 1976. “
  • 8/14/2019 – Carrols Restaurant Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Carrols Restaurant Group is the largest BURGER KING franchisee in the U.S., with over 800 restaurants and has operated BURGER KING restaurants since 1976. “

Shares of NASDAQ TAST traded up $0.05 during midday trading on Thursday, hitting $8.71. 10,951 shares of the company’s stock traded hands, compared to its average volume of 508,772. Carrols Restaurant Group Inc has a 1 year low of $6.69 and a 1 year high of $14.85. The stock has a market capitalization of $396.24 million, a price-to-earnings ratio of 29.03 and a beta of 0.54. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.22 and a current ratio of 0.32. The firm has a fifty day moving average of $7.96 and a 200 day moving average of $9.01.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Thursday, August 8th. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.07). The firm had revenue of $368.56 million during the quarter, compared to analysts’ expectations of $366.91 million. Carrols Restaurant Group had a positive return on equity of 0.16% and a negative net margin of 0.77%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. On average, equities analysts anticipate that Carrols Restaurant Group Inc will post 0.04 earnings per share for the current year.

In related news, VP Richard G. Cross sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $8.63, for a total value of $125,998.00. Following the completion of the sale, the vice president now directly owns 185,698 shares in the company, valued at $1,602,573.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexander R. Sloane purchased 13,315 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $7.54 per share, with a total value of $100,395.10. Following the completion of the transaction, the director now owns 11,909 shares of the company’s stock, valued at $89,793.86. The disclosure for this purchase can be found here. 22.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TAST. Bank of Montreal Can purchased a new stake in Carrols Restaurant Group in the second quarter worth $27,000. Tower Research Capital LLC TRC increased its stake in Carrols Restaurant Group by 354.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,284 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 2,561 shares during the period. BNP Paribas Arbitrage SA increased its stake in Carrols Restaurant Group by 202.2% in the first quarter. BNP Paribas Arbitrage SA now owns 7,231 shares of the restaurant operator’s stock worth $72,000 after purchasing an additional 4,838 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Carrols Restaurant Group in the second quarter worth $90,000. Finally, Ardsley Advisory Partners LP purchased a new stake in Carrols Restaurant Group in the second quarter worth $91,000. Institutional investors own 74.00% of the company’s stock.

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.

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