Carrols Restaurant Group (NASDAQ:TAST) Reaches New 12-Month High at $9.56

Carrols Restaurant Group, Inc. (NASDAQ:TAST - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.56 and last traded at $9.55, with a volume of 344301 shares. The stock had previously closed at $9.55.

Wall Street Analysts Forecast Growth

TAST has been the subject of several research analyst reports. Truist Financial reiterated a "hold" rating and issued a $9.55 price objective (down previously from $10.00) on shares of Carrols Restaurant Group in a report on Monday, January 22nd. Craig Hallum reaffirmed a "hold" rating on shares of Carrols Restaurant Group in a research note on Wednesday, January 17th. Stephens restated an "equal weight" rating and issued a $9.55 price objective (down from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. Finally, StockNews.com started coverage on Carrols Restaurant Group in a research report on Thursday, May 9th. They issued a "buy" rating for the company. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Carrols Restaurant Group presently has a consensus rating of "Hold" and a consensus target price of $9.55.

Carrols Restaurant Group Trading Down 0.1 %

The stock's fifty day simple moving average is $9.50 and its two-hundred day simple moving average is $8.67. The firm has a market cap of $501.99 million, a PE ratio of 16.74 and a beta of 2.48. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 2.24.

Carrols Restaurant Group (NASDAQ:TAST - Get Free Report) last posted its quarterly 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 return on equity of 22.38% and a net margin of 1.94%. On average, sell-side analysts forecast that Carrols Restaurant Group, Inc. will post 0.64 EPS for the current fiscal year.

Carrols Restaurant Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 11th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, March 8th. Carrols Restaurant Group's dividend payout ratio is presently 14.04%.

Institutional Trading of Carrols Restaurant Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Carrols Restaurant Group by 447,334.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 286,358 shares of the restaurant operator's stock valued at $2,257,000 after buying an additional 286,294 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Carrols Restaurant Group during the 3rd quarter valued at $1,600,000. Alpha DNA Investment Management LLC bought a new stake in shares of Carrols Restaurant Group in the 3rd quarter worth $549,000. Assenagon Asset Management S.A. raised its stake in shares of Carrols Restaurant Group by 181.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,177 shares of the restaurant operator's stock worth $3,033,000 after purchasing an additional 296,473 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Carrols Restaurant Group during the third quarter valued at $117,000. 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.