Carrols Restaurant Group (TAST) Getting Somewhat Favorable Press Coverage, Study Shows
Media stories about Carrols Restaurant Group (NASDAQ:TAST) have been trending somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carrols Restaurant Group earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 45.6307781949676 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
TAST has been the subject of a number of research analyst reports. ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $17.50 price objective on shares of Carrols Restaurant Group in a report on Monday, July 24th.
Carrols Restaurant Group (TAST) traded down 4.38% during midday trading on Monday, hitting $12.00. The stock had a trading volume of 332,605 shares. The company has a market cap of $424.91 million, a price-to-earnings ratio of 15.04 and a beta of 0.02. Carrols Restaurant Group has a 12-month low of $9.60 and a 12-month high of $17.55. The company has a 50-day moving average price of $12.30 and a 200-day moving average price of $13.67.
Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Tuesday, May 9th. The restaurant operator reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.06. Carrols Restaurant Group had a net margin of 3.93% and a return on equity of 10.18%. The company had revenue of $239.90 million for the quarter, compared to analyst estimates of $236.05 million. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts anticipate that Carrols Restaurant Group will post $0.29 EPS for the current year.
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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