Carrols Restaurant Group (NASDAQ:TAST) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Carrols Restaurant Group (NASDAQ:TAST - Get Free Report) in a report issued on Tuesday. The firm set a "buy" rating on the restaurant operator's stock.

Several other analysts also recently issued reports on the company. Truist Financial restated a "hold" rating and issued a $9.55 price target (down from $10.00) on shares of Carrols Restaurant Group in a research note on Monday, January 22nd. Stephens restated 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. Finally, Craig Hallum restated a "hold" rating on shares of Carrols Restaurant Group in a research note on Wednesday, January 17th. 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 currently has an average rating of "Hold" and an average target price of $8.87.

Carrols Restaurant Group Price Performance

Shares of NASDAQ TAST remained flat at $9.51 during midday trading on Tuesday. The stock had a trading volume of 465,288 shares, compared to its average volume of 948,230. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 2.28. Carrols Restaurant Group has a one year low of $3.47 and a one year high of $9.54. The business has a 50 day moving average of $9.48 and a 200 day moving average of $8.26. The company has a market capitalization of $545.68 million, a price-to-earnings ratio of 18.29 and a beta of 2.50.

Carrols Restaurant Group (NASDAQ:TAST - Get Free Report) last issued its 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 return on equity of 19.41% and a net margin of 1.80%. The company had revenue of $470.36 million during the quarter, compared to the consensus estimate of $470.41 million. On average, equities research analysts anticipate that Carrols Restaurant Group will post 0.64 EPS for the current year.

Hedge Funds Weigh In On Carrols Restaurant Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAST. Federated Hermes Inc. raised its holdings in shares of Carrols Restaurant Group by 73.6% during the 4th quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator's stock worth $26,000 after buying an additional 1,381 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of Carrols Restaurant Group during the 3rd quarter worth $34,000. Barclays PLC acquired a new position in shares of Carrols Restaurant Group during the 2nd quarter worth $49,000. Tower Research Capital LLC TRC raised its holdings in shares of Carrols Restaurant Group by 15.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator's stock worth $65,000 after buying an additional 1,126 shares in the last quarter. Finally, AJOVista LLC acquired a new position in shares of Carrols Restaurant Group during the 4th quarter worth $76,000. 86.80% of the stock is owned by institutional investors and hedge funds.

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.