A number of research firms have changed their ratings and price targets for Carrols Restaurant Group (NASDAQ: TAST):

  • 12/27/2017 – Carrols Restaurant Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “
  • 12/21/2017 – Carrols Restaurant Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “
  • 12/20/2017 – Carrols Restaurant Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/13/2017 – Carrols Restaurant Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “
  • 12/6/2017 – Carrols Restaurant Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “
  • 11/29/2017 – 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, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “
  • 11/20/2017 – Carrols Restaurant Group had its price target raised by analysts at Citigroup Inc from $13.00 to $15.00. They now have a “buy” rating on the stock.

Shares of Carrols Restaurant Group, Inc. (NASDAQ TAST) traded down $0.15 during mid-day trading on Thursday, hitting $12.15. The stock had a trading volume of 160,654 shares, compared to its average volume of 252,980. The stock has a market cap of $442.94, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 4.65 and a beta of 0.18. Carrols Restaurant Group, Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $17.55. 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 (NASDAQ:TAST) last issued its earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $277.00 million. Carrols Restaurant Group had a return on equity of 5.37% and a net margin of 0.98%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $0.13 earnings per share. analysts expect that Carrols Restaurant Group, Inc. will post 0.13 earnings per share for the current year.

In other news, CFO Paul R. Flanders sold 2,500 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William E. Myers sold 6,400 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $12.96, for a total value of $82,944.00. Following the transaction, the vice president now directly owns 77,049 shares of the company’s stock, valued at $998,555.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,900 shares of company stock valued at $767,944. Company insiders own 5.60% of the company’s stock.

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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