Carrols Restaurant Group (TAST) Stock Rating Lowered by ValuEngine

Carrols Restaurant Group (NASDAQ:TAST) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other equities research analysts have also recently issued reports on the stock. BidaskClub cut shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research cut shares of Carrols Restaurant Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Citigroup boosted their price objective on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Carrols Restaurant Group currently has a consensus rating of “Hold” and an average price target of $15.00.

Shares of Carrols Restaurant Group (TAST) traded up $0.30 during trading hours on Friday, reaching $12.65. 305,011 shares of the company traded hands, compared to its average volume of 253,896. The company has a market cap of $457.41, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.67 and a beta of 0.15. 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 current ratio of 0.95 and a quick ratio of 0.85.

Carrols Restaurant Group (NASDAQ:TAST) last released its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $258.24 million during 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%. Carrols Restaurant Group’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. analysts predict that Carrols Restaurant Group will post 0.17 earnings per share for the current fiscal year.

In related news, CFO Paul R. Flanders sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $12.80, for a total transaction of $32,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel T. Accordino sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $13.06, for a total transaction of $653,000.00. Following the transaction, the chief executive officer now owns 1,147,860 shares of the company’s stock, valued at approximately $14,991,051.60. The disclosure for this sale can be found here. Insiders sold a total of 58,900 shares of company stock valued at $767,944 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC raised its stake in shares of Carrols Restaurant Group by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 194,142 shares of the restaurant operator’s stock worth $2,378,000 after acquiring an additional 590 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Carrols Restaurant Group by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 37,703 shares of the restaurant operator’s stock worth $462,000 after acquiring an additional 618 shares in the last quarter. Citigroup Inc. raised its stake in shares of Carrols Restaurant Group by 8.0% during the 2nd quarter. Citigroup Inc. now owns 14,990 shares of the restaurant operator’s stock worth $184,000 after acquiring an additional 1,116 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Carrols Restaurant Group by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,163 shares of the restaurant operator’s stock worth $345,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Carrols Restaurant Group by 11.1% during the 2nd quarter. Nationwide Fund Advisors now owns 22,511 shares of the restaurant operator’s stock worth $276,000 after acquiring an additional 2,252 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

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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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