BidaskClub lowered shares of Carrols Restaurant Group (NASDAQ:TAST) from a sell rating to a strong sell rating in a report released on Saturday morning.

Other research analysts have also recently issued research reports about the stock. Citigroup set a $14.00 price objective on shares of Carrols Restaurant Group and gave the company a buy rating in a report on Monday, November 12th. Zacks Investment Research cut shares of Carrols Restaurant Group from a buy rating to a hold rating in a report on Wednesday, October 10th. Finally, ValuEngine cut shares of Carrols Restaurant Group from a buy rating to a hold rating in a report on Wednesday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $16.67.

Shares of NASDAQ TAST opened at $9.64 on Friday. The company has a market cap of $352.24 million, a P/E ratio of 31.10, a PEG ratio of 1.44 and a beta of 0.42. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 1.60. Carrols Restaurant Group has a 52-week low of $9.58 and a 52-week high of $16.40.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.09. The firm had revenue of $297.00 million during the quarter, compared to analysts’ expectations of $298.52 million. Carrols Restaurant Group had a net margin of 1.06% and a return on equity of 8.62%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. As a group, equities research analysts predict that Carrols Restaurant Group will post 0.34 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in TAST. Morgan Stanley lifted its position in shares of Carrols Restaurant Group by 375.7% in the third quarter. Morgan Stanley now owns 923,436 shares of the restaurant operator’s stock worth $13,484,000 after purchasing an additional 729,322 shares in the last quarter. Portolan Capital Management LLC lifted its position in shares of Carrols Restaurant Group by 1,283.5% in the second quarter. Portolan Capital Management LLC now owns 711,547 shares of the restaurant operator’s stock worth $10,566,000 after purchasing an additional 660,116 shares in the last quarter. BlackRock Inc. lifted its position in shares of Carrols Restaurant Group by 13.1% in the third quarter. BlackRock Inc. now owns 3,279,129 shares of the restaurant operator’s stock worth $47,876,000 after purchasing an additional 378,788 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Carrols Restaurant Group by 54.1% in the third quarter. Renaissance Technologies LLC now owns 1,050,600 shares of the restaurant operator’s stock worth $15,339,000 after purchasing an additional 368,685 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Carrols Restaurant Group by 121.6% in the third quarter. TIAA CREF Investment Management LLC now owns 512,310 shares of the restaurant operator’s stock worth $7,480,000 after purchasing an additional 281,174 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Carrols Restaurant Group Company Profile

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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