Carrols Restaurant Group (NASDAQ:TAST) issued its earnings results on Thursday. The restaurant operator reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.19), Briefing.com reports. Carrols Restaurant Group had a positive return on equity of 0.16% and a negative net margin of 0.77%. The company had revenue of $398.40 million during the quarter, compared to analyst estimates of $400.92 million. During the same period last year, the business earned $0.09 earnings per share. The firm’s revenue was up 34.1% compared to the same quarter last year.
Shares of NASDAQ:TAST traded up $0.96 during midday trading on Friday, reaching $7.57. 886,500 shares of the company’s stock were exchanged, compared to its average volume of 386,624. The firm’s 50 day simple moving average is $7.50 and its two-hundred day simple moving average is $8.36. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.32 and a quick ratio of 0.22. The stock has a market cap of $342.99 million, a price-to-earnings ratio of 25.23 and a beta of 0.51. Carrols Restaurant Group has a fifty-two week low of $6.23 and a fifty-two week high of $11.89.
TAST has been the subject of a number of recent research reports. Deutsche Bank began coverage on Carrols Restaurant Group in a research note on Wednesday, September 4th. They issued a “buy” rating and a $9.00 target price for the company. Raymond James cut their price objective on Carrols Restaurant Group from $11.00 to $9.50 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Zacks Investment Research raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, BidaskClub raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.70.
In other Carrols Restaurant Group news, Director Alexander R. Sloane acquired 13,315 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $7.54 per share, with a total value of $100,395.10. Following the transaction, the director now owns 11,909 shares of the company’s stock, valued at $89,793.86. The transaction was disclosed in a filing with the SEC, which is available at this link. 22.00% of the stock is currently owned by company insiders.
About Carrols Restaurant Group
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.
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