Equities analysts expect Carrols Restaurant Group, Inc. (NASDAQ:TAST) to post $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Carrols Restaurant Group’s earnings, with estimates ranging from $0.08 to $0.10. Carrols Restaurant Group reported earnings per share of $0.08 in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The company is expected to report its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Carrols Restaurant Group will report full year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.42. For the next year, analysts anticipate that the firm will report earnings of $0.43 per share, with EPS estimates ranging from $0.35 to $0.52. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Tuesday, August 7th. The restaurant operator reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. The firm 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%.

TAST has been the subject of a number of research reports. BidaskClub cut shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Thursday, September 20th. 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 $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 13th. 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 research report on Tuesday, July 10th. Finally, SunTrust Banks restated a “buy” rating and issued a $19.00 price target on shares of Carrols Restaurant Group in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.33.

In related news, CFO Paul R. Flanders sold 18,138 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $15.67, for a total value of $284,222.46. Following the completion of the sale, the chief financial officer now owns 341,450 shares in the company, valued at approximately $5,350,521.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP William E. Myers sold 18,300 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $15.57, for a total transaction of $284,931.00. Following the completion of the sale, the vice president now owns 87,273 shares of the company’s stock, valued at approximately $1,358,840.61. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,439 shares of company stock valued at $1,000,769. 4.60% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TAST. Northern Trust Corp lifted its position in Carrols Restaurant Group by 3.6% in the 1st quarter. Northern Trust Corp now owns 416,033 shares of the restaurant operator’s stock worth $4,660,000 after buying an additional 14,624 shares in the last quarter. BlackRock Inc. lifted its position in Carrols Restaurant Group by 8.6% in the 1st quarter. BlackRock Inc. now owns 2,550,827 shares of the restaurant operator’s stock worth $28,569,000 after buying an additional 202,338 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Carrols Restaurant Group by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,308,407 shares of the restaurant operator’s stock worth $25,854,000 after buying an additional 29,498 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Carrols Restaurant Group by 25.1% in the 1st quarter. Russell Investments Group Ltd. now owns 681,275 shares of the restaurant operator’s stock worth $7,630,000 after buying an additional 136,892 shares in the last quarter. Finally, Barclays PLC lifted its position in Carrols Restaurant Group by 79.3% in the 1st quarter. Barclays PLC now owns 11,605 shares of the restaurant operator’s stock worth $130,000 after buying an additional 5,131 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

NASDAQ:TAST traded down $0.08 during trading hours on Friday, reaching $14.40. 288,368 shares of the company’s stock were exchanged, compared to its average volume of 254,598. The stock has a market capitalization of $533.47 million, a price-to-earnings ratio of 72.00, a PEG ratio of 2.04 and a beta of 0.32. Carrols Restaurant Group has a 12 month low of $9.90 and a 12 month high of $16.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.83 and a current ratio of 0.94.

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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