Carrols Restaurant Group, Inc. (NASDAQ:TAST) – Investment analysts at Dougherty & Co reduced their Q3 2017 earnings estimates for Carrols Restaurant Group in a note issued to investors on Wednesday. Dougherty & Co analyst J. Hamblin now forecasts that the restaurant operator will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.11. Dougherty & Co has a “Buy” rating and a $15.50 price objective on the stock. Dougherty & Co also issued estimates for Carrols Restaurant Group’s FY2017 earnings at $0.13 EPS and FY2018 earnings at $0.19 EPS.

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 consensus estimate of $0.19 by ($0.05). The firm had revenue of $279.48 million during 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%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. TRADEMARK VIOLATION NOTICE: “Q3 2017 EPS Estimates for Carrols Restaurant Group, Inc. Cut by Dougherty & Co (TAST)” was published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/06/q3-2017-eps-estimates-for-carrols-restaurant-group-inc-cut-by-dougherty-co-tast.html.

TAST has been the topic of a number of other research reports. Raymond James Financial, Inc. restated an “outperform” rating and issued a $15.50 price target on shares of Carrols Restaurant Group in a report on Tuesday, September 26th. UBS AG cut Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, September 26th. ValuEngine cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research cut Carrols Restaurant Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.50.

Carrols Restaurant Group (NASDAQ TAST) opened at 11.10 on Friday. The stock has a market cap of $393.24 million, a P/E ratio of 14.84 and a beta of 0.03. Carrols Restaurant Group has a 52-week low of $9.60 and a 52-week high of $17.55. The stock has a 50 day moving average price of $11.16 and a 200 day moving average price of $12.43.

Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in Carrols Restaurant Group by 179.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,547 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 5,485 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in Carrols Restaurant Group during the 1st quarter valued at $109,000. Stifel Financial Corp acquired a new stake in Carrols Restaurant Group during the 1st quarter valued at $143,000. Aperio Group LLC grew its holdings in Carrols Restaurant Group by 9.2% during the 2nd quarter. Aperio Group LLC now owns 13,343 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 1,128 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Carrols Restaurant Group during the 1st quarter valued at $173,000. Hedge funds and other institutional investors own 86.75% 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.

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