Paul R. Flanders Sells 2,500 Shares of Carrols Restaurant Group, Inc. (TAST) Stock
Carrols Restaurant Group, Inc. (NASDAQ:TAST) CFO Paul R. Flanders sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $12.80, for a total value of $32,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Carrols Restaurant Group, Inc. (TAST) traded down $0.05 during trading on Friday, hitting $12.65. The company had a trading volume of 408,506 shares, compared to its average volume of 256,338. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95. The firm has a market capitalization of $468.26, a price-to-earnings ratio of 107.92, a P/E/G ratio of 4.86 and a beta of 0.18. Carrols Restaurant Group, Inc. has a one year low of $9.90 and a one year high of $17.55.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The company had revenue of $258.24 million during the quarter, compared to analyst estimates of $277.00 million. Carrols Restaurant Group had a return on equity of 4.61% and a net margin of 3.13%. Carrols Restaurant Group’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. analysts predict that Carrols Restaurant Group, Inc. will post 0.13 EPS for the current year.
TAST has been the topic of several research reports. ValuEngine upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. UBS lowered Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.50 price objective on shares of Carrols Restaurant Group in a research note on Tuesday, September 26th. Citigroup lifted their price objective on Carrols Restaurant Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Finally, Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.25.
COPYRIGHT VIOLATION WARNING: “Paul R. Flanders Sells 2,500 Shares of Carrols Restaurant Group, Inc. (TAST) Stock” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/15/paul-r-flanders-sells-2500-shares-of-carrols-restaurant-group-inc-tast-stock.html.
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.
Receive News & Ratings for Carrols Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.