Carrols Restaurant Group Inc (NASDAQ:TAST) – Investment analysts at SunTrust Banks lifted their FY2021 earnings per share estimates for shares of Carrols Restaurant Group in a report issued on Monday, February 3rd. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $0.22 per share for the year, up from their prior estimate of $0.19. SunTrust Banks has a “Buy” rating and a $12.00 price objective on the stock.
Other research analysts have also recently issued reports about the stock. Raymond James lowered their price target on shares of Carrols Restaurant Group from $11.00 to $9.50 and set an “outperform” rating on the stock in a report on Thursday, October 17th. ValuEngine raised shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. BidaskClub cut shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a report on Saturday, January 18th. Craig Hallum started coverage on shares of Carrols Restaurant Group in a research report on Wednesday, November 27th. They set a “buy” rating and a $11.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Carrols Restaurant Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.25.
Carrols Restaurant Group stock opened at $4.80 on Thursday. The stock has a market cap of $259.24 million, a P/E ratio of -9.23 and a beta of 0.61. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 3.92. Carrols Restaurant Group has a twelve month low of $4.50 and a twelve month high of $11.56. The company’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $7.29.
Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.19). The company had revenue of $398.40 million during the quarter, compared to the consensus estimate of $400.92 million. Carrols Restaurant Group had a negative net margin of 1.48% and a negative return on equity of 3.00%. The firm’s revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share.
Several large investors have recently made changes to their positions in the business. Swiss National Bank grew its position in shares of Carrols Restaurant Group by 4.0% during the 4th quarter. Swiss National Bank now owns 67,924 shares of the restaurant operator’s stock worth $479,000 after purchasing an additional 2,600 shares in the last quarter. Royal Bank of Canada grew its position in shares of Carrols Restaurant Group by 12.8% during the 2nd quarter. Royal Bank of Canada now owns 35,291 shares of the restaurant operator’s stock worth $318,000 after purchasing an additional 4,016 shares in the last quarter. Rhumbline Advisers grew its position in shares of Carrols Restaurant Group by 8.4% during the 3rd quarter. Rhumbline Advisers now owns 54,777 shares of the restaurant operator’s stock worth $454,000 after purchasing an additional 4,244 shares in the last quarter. Northern Trust Corp grew its position in shares of Carrols Restaurant Group by 1.5% during the 2nd quarter. Northern Trust Corp now owns 457,702 shares of the restaurant operator’s stock worth $4,133,000 after purchasing an additional 6,691 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Carrols Restaurant Group during the 3rd quarter worth approximately $82,000. Hedge funds and other institutional investors own 63.05% 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 May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.