Carrols Restaurant Group (NASDAQ:TAST) Hits New 1-Year High at $9.54

Shares of Carrols Restaurant Group, Inc. (NASDAQ:TAST - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $9.54 and last traded at $9.53, with a volume of 208663 shares changing hands. The stock had previously closed at $9.52.

Analyst Ratings Changes

Several analysts have recently commented on TAST shares. Craig Hallum restated a "hold" rating on shares of Carrols Restaurant Group in a report on Wednesday, January 17th. Stephens restated an "equal weight" rating and set a $9.55 price objective (down previously from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. 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. Finally, StockNews.com began coverage on shares of Carrols Restaurant Group in a research report on Wednesday. They set a "buy" rating for the company. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.87.

Carrols Restaurant Group Price Performance

The stock has a market capitalization of $546.31 million, a PE ratio of 18.31 and a beta of 2.48. The firm's 50 day simple moving average is $9.49 and its 200 day simple moving average is $8.40. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.49 and a quick ratio of 0.41.

Carrols Restaurant Group (NASDAQ:TAST - Get Free Report) last posted its quarterly earnings results on Friday, March 8th. The restaurant operator reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Carrols Restaurant Group had a net margin of 1.80% and a return on equity of 19.41%. The firm had revenue of $470.36 million for the quarter, compared to the consensus estimate of $470.41 million. As a group, equities analysts forecast that Carrols Restaurant Group, Inc. will post 0.64 EPS for the current fiscal year.

Carrols Restaurant Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 11th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.08 dividend on an annualized basis and a yield of 0.84%. Carrols Restaurant Group's dividend payout ratio is currently 15.38%.

Institutional Investors 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. SG Americas Securities LLC bought a new stake in Carrols Restaurant Group during the 3rd quarter valued at $104,000. Raymond James & Associates purchased a new position in Carrols Restaurant Group during the 3rd quarter valued at $138,000. BluePath Capital Management LLC purchased a new position in Carrols Restaurant Group during the 3rd quarter valued at $34,000. Panagora Asset Management Inc. increased its position in Carrols Restaurant Group by 127.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 53,295 shares of the restaurant operator's stock valued at $351,000 after purchasing an additional 29,824 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Carrols Restaurant Group by 181.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 460,177 shares of the restaurant operator's stock valued at $3,033,000 after purchasing an additional 296,473 shares during the period. 86.80% of the stock is currently owned by institutional investors.

Carrols Restaurant Group Company Profile

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.

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