Carrols Restaurant Group, Inc. (TAST) Issues Earnings Results
Carrols Restaurant Group, Inc. (NASDAQ:TAST) released its quarterly earnings data on Monday. The restaurant operator reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03), Bloomberg Earnings reports. The company had revenue of $258.24 million for the quarter, compared to the consensus estimate of $277.00 million. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share.
Shares of Carrols Restaurant Group (TAST) traded down $0.30 on Wednesday, reaching $10.00. 568,705 shares of the company were exchanged, compared to its average volume of 177,108. Carrols Restaurant Group has a twelve month low of $9.60 and a twelve month high of $17.55. The firm has a market cap of $394.13, a price-to-earnings ratio of 64.12, a P/E/G ratio of 4.30 and a beta of 0.11. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.83 and a current ratio of 0.95.
Several research firms have weighed in on TAST. Raymond James Financial, Inc. restated a “strong-buy” rating and set a $17.50 target price on shares of Carrols Restaurant Group in a report on Monday, July 24th. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. UBS AG cut shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Dougherty & Co dropped their price objective on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.50.
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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