Carrols Restaurant Group (NASDAQ:TAST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $15.00 price objective on the restaurant operator’s stock. Zacks Investment Research‘s price objective points to a potential upside of 18.11% from the stock’s previous close.

According to Zacks, “CARROLS RESTAURANT GROUP, INC., operating through its subsidiaries, including Carrols Corporation, is one of the largest restaurant companies in the United States. The Company operates three restaurant brands in the quick-casual and quick-service restaurant segments with over five hundred company-owned and operated restaurants in 16 states, and several franchised restaurants in the United States, Puerto Rico and Ecuador. Carrols Restaurant Group owns and operates two Hispanic Brand restaurants, Pollo Tropical and Taco Cabana. It is also the largest Burger King franchisee, based on number of restaurants, and has operated Burger King restaurants since 1976. “

A number of other analysts have also issued reports on the stock. ValuEngine raised shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Citigroup boosted their target price on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, November 20th. UBS lowered shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. Raymond James Financial reissued an “outperform” rating and set a $15.50 target price on shares of Carrols Restaurant Group in a research note on Tuesday, September 26th. Finally, Dougherty & Co lowered their target price on shares of Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a research note on Thursday, August 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $15.25.

Shares of Carrols Restaurant Group (TAST) opened at $12.70 on Wednesday. The stock has a market cap of $461.02, a price-to-earnings ratio of 106.25, a PEG ratio of 4.78 and a beta of 0.18. Carrols Restaurant Group has a one year low of $9.90 and a one year high of $17.55. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95.

Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The company had revenue of $258.24 million for the quarter, compared to analysts’ expectations of $277.00 million. Carrols Restaurant Group had a net margin of 3.13% and a return on equity of 4.61%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. sell-side analysts predict that Carrols Restaurant Group will post 0.13 EPS for the current fiscal year.

In related news, CEO Daniel T. Accordino sold 50,000 shares of Carrols Restaurant Group stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $13.06, for a total value of $653,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,147,860 shares in the company, valued at $14,991,051.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William E. Myers sold 6,400 shares of Carrols Restaurant Group stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $12.96, for a total value of $82,944.00. Following the completion of the sale, the vice president now owns 77,049 shares of the company’s stock, valued at $998,555.04. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Carrols Restaurant Group by 37.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,300 shares of the restaurant operator’s stock valued at $616,000 after acquiring an additional 13,746 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Carrols Restaurant Group by 48.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 300,816 shares of the restaurant operator’s stock valued at $3,684,000 after acquiring an additional 97,600 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Carrols Restaurant Group by 147.8% in the second quarter. Royce & Associates LP now owns 327,774 shares of the restaurant operator’s stock valued at $4,015,000 after acquiring an additional 195,500 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Carrols Restaurant Group by 27.5% in the second quarter. Goldman Sachs Group Inc. now owns 77,332 shares of the restaurant operator’s stock valued at $947,000 after acquiring an additional 16,682 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Carrols Restaurant Group by 4.3% in the second quarter. Vanguard Group Inc. now owns 1,469,067 shares of the restaurant operator’s stock valued at $17,996,000 after acquiring an additional 60,027 shares in the last quarter. Hedge funds and other institutional investors own 88.48% of the company’s stock.

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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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