Carrols Restaurant Group, Inc. (NASDAQ:TAST) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other analysts also recently issued reports on the stock. Dougherty & Co decreased their price objective on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a report on Thursday. Raymond James Financial, Inc. restated a “strong-buy” rating and set a $17.50 price objective on shares of Carrols Restaurant Group in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Thursday, June 15th.

Shares of Carrols Restaurant Group (TAST) traded up 4.67% during mid-day trading on Friday, hitting $11.20. 457,759 shares of the company traded hands. The stock has a market capitalization of $396.78 million, a price-to-earnings ratio of 14.97 and a beta of 0.02. The firm has a 50-day moving average of $12.14 and a 200-day moving average of $13.52. Carrols Restaurant Group has a one year low of $9.60 and a one year high of $17.55.

Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. Carrols Restaurant Group had a return on equity of 6.33% and a net margin of 3.44%. The company had revenue of $279.48 million for the quarter, compared to analysts’ expectations of $274.90 million. During the same quarter last year, the business posted $0.18 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts predict that Carrols Restaurant Group will post $0.24 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Carrols Restaurant Group by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 166,069 shares of the restaurant operator’s stock valued at $2,350,000 after buying an additional 5,526 shares during the last quarter. Markston International LLC increased its position in Carrols Restaurant Group by 129.0% in the first quarter. Markston International LLC now owns 7,100 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 4,000 shares during the last quarter. Advisors Asset Management Inc. increased its position in Carrols Restaurant Group by 7.6% in the first quarter. Advisors Asset Management Inc. now owns 39,175 shares of the restaurant operator’s stock valued at $554,000 after buying an additional 2,778 shares during the last quarter. Monarch Partners Asset Management LLC increased its position in Carrols Restaurant Group by 557.3% in the first quarter. Monarch Partners Asset Management LLC now owns 199,675 shares of the restaurant operator’s stock valued at $2,825,000 after buying an additional 169,295 shares during the last quarter. Finally, Wells Fargo & Company MN increased 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 during the last quarter. Hedge funds and other institutional investors own 84.21% of the company’s stock.

Carrols Restaurant Group Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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