Carrols Restaurant Group (NASDAQ:TAST) had its price objective lowered by Raymond James from $16.50 to $13.50 in a research note published on Tuesday. Raymond James currently has an outperform rating on the restaurant operator’s stock.

A number of other brokerages have also weighed in on TAST. Zacks Investment Research lowered shares of Carrols Restaurant Group from a hold rating to a sell rating in a research note on Thursday, November 8th. BidaskClub raised shares of Carrols Restaurant Group from a strong sell rating to a sell rating in a report on Saturday, December 22nd. Citigroup set a $14.00 target price on shares of Carrols Restaurant Group and gave the stock a buy rating in a report on Monday, November 12th. Finally, ValuEngine cut shares of Carrols Restaurant Group from a buy rating to a hold rating in a report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Carrols Restaurant Group presently has a consensus rating of Hold and an average price target of $15.88.

NASDAQ TAST traded down $0.04 during trading on Tuesday, hitting $9.80. 7,150 shares of the company traded hands, compared to its average volume of 201,981. Carrols Restaurant Group has a 12 month low of $9.03 and a 12 month high of $16.40. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.62 and a quick ratio of 0.51. The firm has a market cap of $362.83 million, a P/E ratio of 49.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Carrols Restaurant Group had a return on equity of 8.62% and a net margin of 1.06%. The company had revenue of $297.00 million for the quarter, compared to the consensus estimate of $298.52 million. During the same period in the previous year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Carrols Restaurant Group will post 0.34 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in shares of Carrols Restaurant Group by 375.7% during the third quarter. Morgan Stanley now owns 923,436 shares of the restaurant operator’s stock valued at $13,484,000 after buying an additional 729,322 shares during the last quarter. BlackRock Inc. boosted its stake in Carrols Restaurant Group by 13.1% in the third quarter. BlackRock Inc. now owns 3,279,129 shares of the restaurant operator’s stock valued at $47,876,000 after acquiring an additional 378,788 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Carrols Restaurant Group by 54.1% in the third quarter. Renaissance Technologies LLC now owns 1,050,600 shares of the restaurant operator’s stock valued at $15,339,000 after acquiring an additional 368,685 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Carrols Restaurant Group by 121.6% in the third quarter. TIAA CREF Investment Management LLC now owns 512,310 shares of the restaurant operator’s stock valued at $7,480,000 after acquiring an additional 281,174 shares during the last quarter. Finally, FMR LLC boosted its stake in Carrols Restaurant Group by 30.4% in the second quarter. FMR LLC now owns 1,036,096 shares of the restaurant operator’s stock valued at $15,386,000 after acquiring an additional 241,400 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

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