Wall Street analysts expect Carrols Restaurant Group, Inc. (NASDAQ:TAST) to post earnings of $0.03 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Carrols Restaurant Group’s earnings. The highest EPS estimate is $0.11 and the lowest is ($0.08). Carrols Restaurant Group posted earnings per share of $0.08 in the same quarter last year, which would indicate a negative year-over-year growth rate of 62.5%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 27th.

On average, analysts expect that Carrols Restaurant Group will report full year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.27 to $0.38. For the next fiscal year, analysts anticipate that the business will report earnings of $0.42 per share, with EPS estimates ranging from $0.35 to $0.49. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. Carrols Restaurant Group had a net margin of 1.06% and a return on equity of 8.75%. The firm had revenue of $297.00 million during the quarter, compared to the consensus estimate of $298.52 million. During the same quarter last year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

Several analysts recently weighed in on the stock. ValuEngine downgraded shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday. SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of Carrols Restaurant Group in a report on Wednesday, August 8th. BidaskClub downgraded shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, Citigroup lifted their target price on shares of Carrols Restaurant Group from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.33.

In other Carrols Restaurant Group news, CFO Paul R. Flanders sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $16.27, for a total value of $122,025.00. Following the completion of the transaction, the chief financial officer now owns 305,811 shares of the company’s stock, valued at approximately $4,975,544.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul R. Flanders sold 17,501 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $15.85, for a total transaction of $277,390.85. Following the completion of the transaction, the chief financial officer now directly owns 323,312 shares of the company’s stock, valued at approximately $5,124,495.20. The disclosure for this sale can be found here. Insiders sold a total of 27,001 shares of company stock valued at $431,616 in the last quarter. 4.60% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. ClariVest Asset Management LLC purchased a new position in Carrols Restaurant Group in the 3rd quarter valued at approximately $107,000. Cubist Systematic Strategies LLC purchased a new position in Carrols Restaurant Group in the 1st quarter valued at approximately $115,000. Trexquant Investment LP purchased a new position in Carrols Restaurant Group in the 2nd quarter valued at approximately $162,000. Campbell & CO Investment Adviser LLC purchased a new position in Carrols Restaurant Group in the 2nd quarter valued at approximately $170,000. Finally, Barclays PLC boosted 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 valued at $130,000 after buying an additional 5,131 shares during the period. 85.84% of the stock is owned by institutional investors.

Carrols Restaurant Group stock opened at $11.30 on Monday. Carrols Restaurant Group has a fifty-two week low of $10.00 and a fifty-two week high of $16.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.94 and a quick ratio of 0.83. The company has a market capitalization of $421.66 million, a P/E ratio of 56.50, a P/E/G ratio of 1.71 and a beta of 0.51.

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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