StockNews.com Begins Coverage on Carrols Restaurant Group (NASDAQ:TAST)

Research analysts at StockNews.com assumed coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research note issued on Tuesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

TAST has been the subject of several other research reports. Truist Financial reiterated a “hold” rating and set a $9.55 target price (down previously from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Stephens reiterated an “equal weight” rating and set a $9.55 target price (down previously from $13.00) on shares of Carrols Restaurant Group in a research report on Tuesday, January 16th. Finally, Craig Hallum reiterated a “hold” rating on shares of Carrols Restaurant Group in a research report on Wednesday, January 17th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.87.

Carrols Restaurant Group Stock Performance

Shares of TAST opened at $9.51 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 2.28. The business has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $8.23. The stock has a market cap of $545.68 million, a price-to-earnings ratio of 18.29 and a beta of 2.50. Carrols Restaurant Group has a 52 week low of $3.47 and a 52 week high of $9.54.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. Carrols Restaurant Group had a return on equity of 19.41% and a net margin of 1.80%. The firm had revenue of $470.36 million during the quarter, compared to analysts’ expectations of $470.41 million. On average, analysts expect that Carrols Restaurant Group will post 0.64 EPS for the current year.

Hedge Funds Weigh In On Carrols Restaurant Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAST. Federated Hermes Inc. boosted its stake in Carrols Restaurant Group by 73.6% during the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 1,381 shares during the last quarter. BluePath Capital Management LLC bought a new position in Carrols Restaurant Group during the third quarter valued at approximately $34,000. Barclays PLC bought a new position in Carrols Restaurant Group during the second quarter valued at approximately $49,000. Tower Research Capital LLC TRC boosted its stake in Carrols Restaurant Group by 15.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,126 shares during the last quarter. Finally, AJOVista LLC bought a new position in Carrols Restaurant Group during the fourth quarter valued at approximately $76,000. 86.80% of the stock is owned by institutional investors.

About Carrols Restaurant Group

Carrols Restaurant Group, Inc, through its subsidiaries, operates restaurants in the United States. It operates quick service restaurants as a franchisee under the Burger King and Popeyes brands in 23 Northeastern, Midwestern, Southcentral, and Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.