Analysts forecast that Carrols Restaurant Group, Inc. (NASDAQ:TAST) will report sales of $307.13 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Carrols Restaurant Group’s earnings. The lowest sales estimate is $305.74 million and the highest is $308.51 million. Carrols Restaurant Group reported sales of $283.97 million in the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 27th.
On average, analysts expect that Carrols Restaurant Group will report full-year sales of $1.18 billion for the current financial year. For the next fiscal year, analysts expect that the company will report sales of $1.28 billion, with estimates ranging from $1.25 billion to $1.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Carrols Restaurant Group.
Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Tuesday, November 6th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.09. The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $298.52 million. Carrols Restaurant Group had a return on equity of 8.62% and a net margin of 1.06%. Carrols Restaurant Group’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share.
TAST has been the subject of a number of recent research reports. Zacks Investment Research lowered Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. BidaskClub upgraded Carrols Restaurant Group from a “strong sell” rating to a “sell” rating in a report on Thursday, November 22nd. Citigroup lifted their target price on Carrols Restaurant Group from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 13th. ValuEngine lowered Carrols Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $19.00 target price on shares of Carrols Restaurant Group in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Carrols Restaurant Group currently has a consensus rating of “Hold” and an average target price of $16.67.
NASDAQ:TAST opened at $11.23 on Friday. The firm has a market capitalization of $400.47 million, a P/E ratio of 55.05, a P/E/G ratio of 1.62 and a beta of 0.51. Carrols Restaurant Group has a 12-month low of $10.00 and a 12-month high of $16.40. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 1.60.
A number of hedge funds and other institutional investors have recently made changes to their positions in TAST. ClariVest Asset Management LLC purchased a new stake in Carrols Restaurant Group during the 3rd quarter worth about $107,000. Worth Venture Partners LLC purchased a new stake in Carrols Restaurant Group during the 3rd quarter worth about $115,000. Trexquant Investment LP purchased a new stake in Carrols Restaurant Group during the 2nd quarter worth about $162,000. Jane Street Group LLC purchased a new stake in Carrols Restaurant Group during the 3rd quarter worth about $167,000. Finally, Macquarie Group Ltd. purchased a new stake in Carrols Restaurant Group during the 2nd quarter worth about $207,000. 88.38% of the stock is owned by institutional investors.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of July 1, 2018, it owned and operated 807 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.
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