Carrols Restaurant Group, Inc. (NASDAQ:TAST) – Dougherty & Co dropped their FY2018 earnings per share (EPS) estimates for Carrols Restaurant Group in a research report issued to clients and investors on Thursday. Dougherty & Co analyst J. Hamblin now expects that the restaurant operator will post earnings per share of $0.30 for the year, down from their previous forecast of $0.50. Dougherty & Co has a “Buy” rating and a $15.50 price target on the stock.

TAST has been the topic of a number of other reports. ValuEngine downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $17.50 target price on shares of Carrols Restaurant Group in a research note on Monday, July 24th.

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Carrols Restaurant Group (NASDAQ:TAST) opened at 11.15 on Monday. Carrols Restaurant Group has a one year low of $9.60 and a one year high of $17.55. The company has a 50-day moving average of $12.01 and a 200 day moving average of $13.39. The firm has a market capitalization of $395.01 million, a price-to-earnings ratio of 14.91 and a beta of 0.02.

Carrols Restaurant Group (NASDAQ:TAST) last announced its quarterly earnings data 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. Carrols Restaurant Group had a net margin of 3.44% and a return on equity of 6.33%. The business had revenue of $279.48 million during the quarter, compared to analyst estimates of $274.90 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis.

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in shares of 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 worth $2,350,000 after buying an additional 5,526 shares in the last quarter. Malaga Cove Capital LLC increased its stake in shares of Carrols Restaurant Group by 8.7% in the second quarter. Malaga Cove Capital LLC now owns 181,274 shares of the restaurant operator’s stock worth $2,225,000 after buying an additional 14,523 shares in the last quarter. Russell Investments Group Ltd. increased its stake 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 in the last quarter. Alambic Investment Management L.P. increased its stake in shares of Carrols Restaurant Group by 2.6% in the first quarter. Alambic Investment Management L.P. now owns 74,300 shares of the restaurant operator’s stock worth $1,051,000 after buying an additional 1,900 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of Carrols Restaurant Group by 31.9% in the first quarter. Eagle Asset Management Inc. now owns 716,583 shares of the restaurant operator’s stock worth $10,139,000 after buying an additional 173,366 shares in the last quarter. 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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