Carrols Restaurant Group (TAST) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Carrols Restaurant Group (NASDAQ:TAST) from a sell rating to a hold rating in a research note released on Wednesday morning, BidAskClub reports.

A number of other equities analysts also recently issued reports on TAST. Raymond James dropped their price target on Carrols Restaurant Group from $16.50 to $13.50 and set an outperform rating on the stock in a research report on Tuesday, January 8th. ValuEngine downgraded Carrols Restaurant Group from a hold rating to a sell rating in a research report on Thursday, January 17th. Finally, Zacks Investment Research downgraded Carrols Restaurant Group from a buy rating to a hold rating in a research report on Saturday, January 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $15.88.

TAST opened at $10.02 on Wednesday. Carrols Restaurant Group has a 12-month low of $8.42 and a 12-month high of $16.40. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.30 and a current ratio of 0.42. The firm has a market cap of $370.78 million, a PE ratio of 35.79, a PEG ratio of 1.76 and a beta of 0.29.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings results on Wednesday, February 27th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Carrols Restaurant Group had a return on equity of 7.64% and a net margin of 0.86%. The business had revenue of $307.75 million for the quarter, compared to the consensus estimate of $346.38 million. During the same quarter in the prior year, the company earned $0.08 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts expect that Carrols Restaurant Group will post 0.29 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised 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 buying an additional 378,788 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Carrols Restaurant Group by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,368,846 shares of the restaurant operator’s stock worth $34,585,000 after purchasing an additional 11,130 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Carrols Restaurant Group by 0.6% in the fourth quarter. Brown Advisory Inc. now owns 2,202,867 shares of the restaurant operator’s stock worth $21,676,000 after purchasing an additional 13,176 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Carrols Restaurant Group by 2.4% in the third quarter. Vanguard Group Inc now owns 1,607,721 shares of the restaurant operator’s stock worth $23,473,000 after purchasing an additional 38,160 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Carrols Restaurant Group by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,607,721 shares of the restaurant operator’s stock worth $23,473,000 after purchasing an additional 38,160 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of December 30, 2018, it owned and operated 849 Burger King restaurants located in 18 Northeastern, Midwestern, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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