Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.50.

A number of research analysts recently commented on TAST shares. Zacks Investment Research cut Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 8th. BidaskClub cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, Citigroup raised their price target on Carrols Restaurant Group from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, August 13th.

TAST stock traded up $0.09 during trading hours on Monday, hitting $11.39. 257,544 shares of the stock were exchanged, compared to its average volume of 251,707. 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 stock has a market capitalization of $412.89 million, a price-to-earnings ratio of 56.95, a PEG ratio of 1.67 and a beta of 0.51. Carrols Restaurant Group has a 12 month low of $10.00 and a 12 month high of $16.40.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Carrols Restaurant Group had a return on equity of 8.75% and a net margin of 1.06%. The firm had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $298.52 million. During the same quarter last year, the business earned $0.08 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts expect that Carrols Restaurant Group will post 0.34 EPS for the current year.

In related news, CFO Paul R. Flanders sold 17,501 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $15.85, for a total value of $277,390.85. Following the transaction, the chief financial officer now owns 323,312 shares in the company, valued at $5,124,495.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul R. Flanders sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was 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 in the company, valued at approximately $4,975,544.97. The disclosure for this sale can be found here. Insiders sold 27,001 shares of company stock worth $431,616 in the last 90 days. 4.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. ClariVest Asset Management LLC acquired a new stake in Carrols Restaurant Group in the third quarter valued at about $107,000. Cubist Systematic Strategies LLC acquired a new stake in Carrols Restaurant Group in the first quarter valued at about $115,000. Trexquant Investment LP acquired a new stake in Carrols Restaurant Group in the second quarter valued at about $162,000. Campbell & CO Investment Adviser LLC acquired a new stake in Carrols Restaurant Group in the second quarter valued at about $170,000. Finally, Barclays PLC boosted 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 buying an additional 5,131 shares in the last quarter. Institutional investors own 85.84% of the company’s stock.

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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