Wall Street brokerages expect that Carrols Restaurant Group, Inc. (NASDAQ:TAST) will report sales of $275.46 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Carrols Restaurant Group’s earnings, with estimates ranging from $271.70 million to $279.22 million. Carrols Restaurant Group posted sales of $241.37 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.1%. The firm is scheduled to report its next quarterly earnings report on Tuesday, August 8th.

On average, analysts expect that Carrols Restaurant Group will report full-year sales of $275.46 million for the current year, with estimates ranging from $1.05 billion to $1.07 billion. For the next fiscal year, analysts expect that the company will post sales of $1.12 billion per share, with estimates ranging from $1.11 billion to $1.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Tuesday, May 9th. The restaurant operator reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.06. The firm had revenue of $239.90 million during the quarter, compared to the consensus estimate of $236.05 million. Carrols Restaurant Group had a return on equity of 10.18% and a net margin of 3.93%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis.

Several research firms have weighed in on TAST. ValuEngine upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, June 15th.

COPYRIGHT VIOLATION NOTICE: “$275.46 Million in Sales Expected for Carrols Restaurant Group, Inc. (NASDAQ:TAST) This Quarter” was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/07/07/275-46-million-in-sales-expected-for-carrols-restaurant-group-inc-nasdaqtast-this-quarter.html.

Carrols Restaurant Group (NASDAQ TAST) traded up 0.6214% during mid-day trading on Friday, reaching $12.2255. The company had a trading volume of 93,279 shares. The company has a market capitalization of $432.89 million, a PE ratio of 15.3202 and a beta of 0.02. The firm has a 50-day moving average of $12.54 and a 200 day moving average of $14.03. Carrols Restaurant Group has a 1-year low of $9.60 and a 1-year high of $17.55.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Carrols Restaurant Group by 34.3% in the first quarter. Wells Fargo & Company MN now owns 37,085 shares of the restaurant operator’s stock valued at $525,000 after buying an additional 9,465 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Carrols Restaurant Group by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 320,081 shares of the restaurant operator’s stock valued at $4,529,000 after buying an additional 8,480 shares during the last quarter. Malaga Cove Capital LLC raised its stake in Carrols Restaurant Group by 4.6% in the first quarter. Malaga Cove Capital LLC now owns 166,751 shares of the restaurant operator’s stock valued at $2,318,000 after buying an additional 7,353 shares during the last quarter. First Manhattan Co. raised its stake in Carrols Restaurant Group by 4.6% in the first quarter. First Manhattan Co. now owns 2,979,122 shares of the restaurant operator’s stock valued at $39,354,000 after buying an additional 131,550 shares during the last quarter. Finally, Cohen Capital Management Inc. raised its stake in Carrols Restaurant Group by 13.4% in the first quarter. Cohen Capital Management Inc. now owns 272,944 shares of the restaurant operator’s stock valued at $3,862,000 after buying an additional 32,200 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.

Get a free copy of the Zacks research report on Carrols Restaurant Group (TAST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Carrols Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.