Carrols Restaurant Group (NASDAQ:TAST) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research report sent to investors on Monday morning. The firm issued a buy rating on the restaurant operator’s stock.

Several other equities analysts have also recently weighed in on the company. Truist Financial reissued a hold rating and set a $9.55 price objective (down previously from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Craig Hallum restated a hold rating on shares of Carrols Restaurant Group in a research report on Wednesday, January 17th. Finally, Stephens restated an equal weight rating and set a $9.55 target price (down previously from $13.00) on shares of Carrols Restaurant Group in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $8.87.

Carrols Restaurant Group Stock Performance

Shares of NASDAQ TAST opened at $9.50 on Monday. The business’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $8.16. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.49 and a quick ratio of 0.41. Carrols Restaurant Group has a one year low of $2.99 and a one year high of $9.54. The company has a market capitalization of $545.11 million, a P/E ratio of 18.27 and a beta of 2.50.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $470.36 million during the quarter, compared to the consensus estimate of $470.41 million. Carrols Restaurant Group had a return on equity of 19.41% and a net margin of 1.80%. Analysts anticipate that Carrols Restaurant Group will post 0.64 earnings per share for the current fiscal year.

Carrols Restaurant Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 11th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.08 annualized dividend and a dividend yield of 0.84%. Carrols Restaurant Group’s dividend payout ratio (DPR) is currently 15.38%.

Institutional Investors Weigh In On Carrols Restaurant Group

A number of institutional investors have recently made changes to their positions in TAST. Federated Hermes Inc. grew its stake in shares of Carrols Restaurant Group by 73.6% during the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 1,381 shares during the period. Verition Fund Management LLC bought a new position in Carrols Restaurant Group during the second quarter worth about $26,000. BluePath Capital Management LLC bought a new stake in shares of Carrols Restaurant Group in the third quarter valued at about $34,000. Mirabella Financial Services LLP bought a new stake in shares of Carrols Restaurant Group in the first quarter valued at about $35,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Carrols Restaurant Group by 21.9% in the fourth quarter. Mackenzie Financial Corp now owns 28,145 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 5,059 shares in the last quarter. 86.80% of the stock is owned by institutional investors and hedge funds.

Carrols Restaurant Group Company Profile

Carrols Restaurant Group, Inc, through its subsidiaries, operates restaurants in the United States. It operates quick service restaurants as a franchisee under the Burger King and Popeyes brands in 23 Northeastern, Midwestern, Southcentral, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.