Carrols Restaurant Group (NASDAQ:TAST) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research note issued to investors on Tuesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Several other research firms also recently issued reports on TAST. Stephens reaffirmed an equal weight rating and issued a $9.55 price objective (down previously from $13.00) on shares of Carrols Restaurant Group in a research note on Tuesday, January 16th. Truist Financial reaffirmed a hold rating and issued a $9.55 price objective (down previously from $10.00) on shares of Carrols Restaurant Group in a research note on Monday, January 22nd. Finally, Craig Hallum reiterated a hold rating on shares of Carrols Restaurant Group in a report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $8.87.

Carrols Restaurant Group Price Performance

Shares of NASDAQ TAST opened at $9.51 on Tuesday. 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 company 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 12 month low of $3.67 and a 12 month high of $9.54. The stock has a 50-day moving average price of $9.48 and a two-hundred day moving average price of $8.27.

Carrols Restaurant Group (NASDAQ:TAST) 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 firm had revenue of $470.36 million during the quarter, compared to the consensus estimate of $470.41 million. As a group, analysts forecast that Carrols Restaurant Group 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. Investors of record on Monday, March 11th were issued a $0.02 dividend. 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 payout ratio is presently 15.38%.

Institutional Trading of Carrols Restaurant Group

Several institutional investors have recently added to or reduced their stakes in TAST. Acadian Asset Management LLC boosted its holdings in shares of Carrols Restaurant Group by 44.7% during the 3rd quarter. Acadian Asset Management LLC now owns 859,120 shares of the restaurant operator’s stock worth $5,660,000 after buying an additional 265,482 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Carrols Restaurant Group by 3.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 646,720 shares of the restaurant operator’s stock worth $5,096,000 after buying an additional 21,900 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of 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 worth $3,033,000 after buying an additional 296,473 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Carrols Restaurant Group during the 3rd quarter worth approximately $2,230,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Carrols Restaurant Group by 447,334.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 286,358 shares of the restaurant operator’s stock worth $2,257,000 after buying an additional 286,294 shares in the last quarter. 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.