Equities research analysts expect Carrols Restaurant Group, Inc. (NASDAQ:TAST) to post earnings of $0.10 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Carrols Restaurant Group’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.09. Carrols Restaurant Group reported earnings of $0.08 per share in the same quarter last year, which indicates a positive year over year growth rate of 25%. The firm is expected to announce its next earnings report on Wednesday, November 14th.

On average, analysts expect that Carrols Restaurant Group will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.42. For the next year, analysts forecast that the business will post earnings of $0.43 per share, with EPS estimates ranging from $0.35 to $0.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings results on Tuesday, August 7th. The restaurant operator reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $303.05 million during the quarter, compared to analysts’ expectations of $301.21 million. Carrols Restaurant Group had a net margin of 1.00% and a return on equity of 8.53%.

Several research analysts have recently weighed in on TAST shares. SunTrust Banks started coverage on shares of Carrols Restaurant Group in a report on Wednesday, May 23rd. They issued a “buy” rating and a $16.00 price target for the company. ValuEngine upgraded shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Citigroup upped their price target on shares of Carrols Restaurant Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 25th. BidaskClub upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Tuesday, July 10th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $17.63.

Shares of Carrols Restaurant Group stock traded down $0.25 on Friday, hitting $15.55. The company had a trading volume of 164,286 shares, compared to its average volume of 200,675. The stock has a market capitalization of $577.32 million, a PE ratio of 77.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.30. Carrols Restaurant Group has a twelve month low of $9.90 and a twelve month high of $16.40. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 1.66.

In related news, VP William E. Myers sold 2,000 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $16.10, for a total transaction of $32,200.00. Following the completion of the transaction, the vice president now owns 72,421 shares in the company, valued at $1,165,978.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul R. Flanders sold 7,500 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $16.27, for a total transaction of $122,025.00. Following the transaction, the chief financial officer now owns 305,811 shares of the company’s stock, valued at approximately $4,975,544.97. The disclosure for this sale can be found here. Insiders sold 63,439 shares of company stock valued at $1,000,769 in the last quarter. Corporate insiders own 4.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TAST. Cubist Systematic Strategies LLC acquired a new position in Carrols Restaurant Group during the first quarter worth $115,000. Barclays PLC lifted its stake in Carrols Restaurant Group by 79.3% in the first quarter. Barclays PLC now owns 11,605 shares of the restaurant operator’s stock valued at $130,000 after acquiring an additional 5,131 shares during the last quarter. Trexquant Investment LP acquired a new stake in Carrols Restaurant Group in the second quarter valued at $162,000. Campbell & CO Investment Adviser LLC acquired a new stake in Carrols Restaurant Group in the second quarter valued at $170,000. Finally, Highbridge Capital Management LLC acquired a new stake in Carrols Restaurant Group in the first quarter valued at $197,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King. As of December 31, 2017, it owned and operated 807 Burger King restaurants located in 17 states of the United States. The company was founded in 1960 and is headquartered in Syracuse, New York.

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