StockNews.com Initiates Coverage on Carrols Restaurant Group (NASDAQ:TAST)

Stock analysts at StockNews.com assumed coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research note issued on Saturday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Carrols Restaurant Group Stock Down 0.1 %

Carrols Restaurant Group stock opened at $9.54 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 2.24. Carrols Restaurant Group has a 1-year low of $4.29 and a 1-year high of $9.56. The firm’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $8.87. The company has a market capitalization of $502.00 million, a P/E ratio of 16.74 and a beta of 2.48.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Carrols Restaurant Group had a return on equity of 22.38% and a net margin of 1.94%. The company had revenue of $470.36 million for the quarter, compared to analyst estimates of $470.41 million.

Institutional Investors Weigh In On Carrols Restaurant Group

A number of large investors have recently added to or reduced their stakes in TAST. Tower Research Capital LLC TRC lifted its stake in shares of Carrols Restaurant Group by 15.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock worth $65,000 after buying an additional 1,126 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Carrols Restaurant Group by 3.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,258 shares of the restaurant operator’s stock worth $383,000 after acquiring an additional 1,259 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Carrols Restaurant Group by 73.6% during the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 1,381 shares during the period. Mackenzie Financial Corp grew its position in shares of Carrols Restaurant Group by 18.7% in the fourth quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 2,022 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Carrols Restaurant Group by 11.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 36,784 shares of the restaurant operator’s stock worth $242,000 after purchasing an additional 3,860 shares during the period. Institutional investors own 86.80% of the company’s stock.

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.