Carrols Restaurant Group, Inc. (NASDAQ:TAST) has received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.33.

A number of equities analysts have recently weighed in on TAST shares. Zacks Investment Research cut Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Citigroup boosted their price target on Carrols Restaurant Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, November 20th. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. Finally, UBS Group cut Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, September 26th.

Carrols Restaurant Group (NASDAQ:TAST) remained flat at $$13.25 on Tuesday. The company’s stock had a trading volume of 168,044 shares, compared to its average volume of 216,035. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market capitalization of $479.11, a PE ratio of 19.49, a P/E/G ratio of 3.01 and a beta of 0.17. Carrols Restaurant Group has a 1 year low of $9.90 and a 1 year high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The firm 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 4.61% and a net margin of 3.13%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. research analysts predict that Carrols Restaurant Group will post 0.15 EPS for the current fiscal year.

In other news, CFO Paul R. Flanders sold 2,500 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $12.80, for a total value of $32,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel T. Accordino sold 50,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $13.06, for a total value of $653,000.00. Following the completion of the transaction, the chief executive officer now directly 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. Over the last three months, insiders sold 58,900 shares of company stock valued at $767,944. Insiders own 5.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. increased its stake in Carrols Restaurant Group by 48.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 300,816 shares of the restaurant operator’s stock valued at $3,684,000 after purchasing an additional 97,600 shares during the last quarter. Vanguard Group Inc. increased its stake in Carrols Restaurant Group by 4.3% in the second quarter. Vanguard Group Inc. now owns 1,469,067 shares of the restaurant operator’s stock valued at $17,996,000 after purchasing an additional 60,027 shares during the last quarter. Formula Growth Ltd. increased its stake in Carrols Restaurant Group by 25.0% in the third quarter. Formula Growth Ltd. now owns 125,030 shares of the restaurant operator’s stock valued at $1,363,000 after purchasing an additional 25,000 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Carrols Restaurant Group by 27.5% in the second quarter. Goldman Sachs Group Inc. now owns 77,332 shares of the restaurant operator’s stock valued at $947,000 after purchasing an additional 16,682 shares during the last quarter. Finally, State Street Corp increased its stake in Carrols Restaurant Group by 4.0% in the second quarter. State Street Corp now owns 658,894 shares of the restaurant operator’s stock valued at $8,076,000 after purchasing an additional 25,044 shares during the last quarter. 88.48% of the stock is owned by institutional investors.

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Carrols Restaurant Group Company Profile

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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