Equities analysts forecast that Carrols Restaurant Group, Inc. (NASDAQ:TAST) will announce $0.11 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Carrols Restaurant Group’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. Carrols Restaurant Group reported earnings per share of $0.13 in the same quarter last year, which would indicate a negative year-over-year growth rate of 15.4%. The business is scheduled to announce its next earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that Carrols Restaurant Group will report full-year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.21 to $0.28. For the next fiscal year, analysts anticipate that the business will report earnings of $0.39 per share, with EPS estimates ranging from $0.28 to $0.50. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Carrols Restaurant Group.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The company had revenue of $279.48 million for the quarter, compared to analysts’ expectations of $274.90 million. Carrols Restaurant Group had a net margin of 3.44% and a return on equity of 6.33%. Carrols Restaurant Group’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Saturday. Dougherty & Co dropped their price target on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $17.50 price target on shares of Carrols Restaurant Group in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Tuesday.

Shares of Carrols Restaurant Group (NASDAQ TAST) traded up 0.44% during trading on Wednesday, hitting $11.40. The stock had a trading volume of 257,366 shares. Carrols Restaurant Group has a 12-month low of $9.60 and a 12-month high of $17.55. The firm has a market cap of $403.87 million, a P/E ratio of 15.24 and a beta of 0.02. The firm has a 50 day moving average price of $12.09 and a 200 day moving average price of $13.45.

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Institutional investors have recently made changes to their positions in the company. Creative Planning raised its position in shares of Carrols Restaurant Group by 1,549.3% in the first quarter. Creative Planning now owns 37,983 shares of the restaurant operator’s stock worth $537,000 after buying an additional 35,680 shares during the period. Cohen Capital Management Inc. raised its position in shares of 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 worth $3,862,000 after buying an additional 32,200 shares during the period. First Manhattan Co. raised its position in shares of 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 worth $39,354,000 after buying an additional 131,550 shares during the period. Malaga Cove Capital LLC raised its position in shares of 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 worth $2,318,000 after buying an additional 7,353 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of 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 worth $4,529,000 after buying an additional 8,480 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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.

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