Carrols Restaurant Group, Inc. (NASDAQ:TAST - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $9.55 and last traded at $9.54, with a volume of 40857 shares trading hands. The stock had previously closed at $9.53.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Craig Hallum reaffirmed a "hold" rating on shares of Carrols Restaurant Group in a research report on Wednesday, January 17th. Stephens reiterated an "equal weight" rating and issued a $9.55 price target (down from $13.00) on shares of Carrols Restaurant Group in a research note on Tuesday, January 16th. Truist Financial restated a "hold" rating and set a $9.55 price target (down previously from $10.00) on shares of Carrols Restaurant Group in a research note on Monday, January 22nd. Finally, StockNews.com assumed coverage on shares of Carrols Restaurant Group in a research report on Thursday. They issued a "buy" rating for the company. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.87.
Read Our Latest Analysis on Carrols Restaurant Group
Carrols Restaurant Group Stock Performance
The company has a market cap of $547.45 million, a PE ratio of 18.35 and a beta of 2.48. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 2.28. The firm's 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $8.54.
Carrols Restaurant Group (NASDAQ:TAST - Get Free Report) last released its earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $470.36 million for the quarter, compared to the consensus estimate of $470.41 million. Carrols Restaurant Group had a net margin of 1.80% and a return on equity of 19.41%. As a group, research analysts anticipate that Carrols Restaurant Group, Inc. will post 0.64 earnings per share for the current fiscal year.
Carrols Restaurant Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 11th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, March 8th. Carrols Restaurant Group's dividend payout ratio is presently 15.38%.
Institutional Trading of Carrols Restaurant Group
Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Carrols Restaurant Group by 447,334.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 286,358 shares of the restaurant operator's stock valued at $2,257,000 after acquiring an additional 286,294 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Carrols Restaurant Group in the 3rd quarter valued at $1,600,000. Alpha DNA Investment Management LLC purchased a new stake in shares of Carrols Restaurant Group in the 3rd quarter valued at $549,000. Assenagon Asset Management S.A. boosted its holdings in shares of Carrols Restaurant Group by 181.1% in 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 acquiring an additional 296,473 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Carrols Restaurant Group in the 3rd quarter valued at $117,000. 86.80% of the stock is owned by hedge funds and other institutional investors.
Carrols Restaurant Group Company Profile
(
Get Free Report)
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.
See Also
Before you consider Carrols Restaurant Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carrols Restaurant Group wasn't on the list.
While Carrols Restaurant Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
