Carrols Restaurant Group, Inc. (NASDAQ:TAST) – Equities research analysts at SunTrust Banks cut their Q3 2018 EPS estimates for shares of Carrols Restaurant Group in a note issued to investors on Tuesday, August 7th. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will earn $0.11 per share for the quarter, down from their previous estimate of $0.12. SunTrust Banks has a “Buy” rating and a $19.00 price objective on the stock. SunTrust Banks also issued estimates for Carrols Restaurant Group’s FY2018 earnings at $0.42 EPS, Q2 2019 earnings at $0.27 EPS and FY2019 earnings at $0.52 EPS.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Tuesday, August 7th. The restaurant operator reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Carrols Restaurant Group had a return on equity of 8.66% and a net margin of 1.00%. The firm had revenue of $303.05 million during the quarter, compared to the consensus estimate of $301.21 million.
A number of other brokerages also recently issued reports on TAST. Zacks Investment Research downgraded Carrols Restaurant Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. Citigroup raised their target price on Carrols Restaurant Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Finally, ValuEngine raised Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Carrols Restaurant Group presently has an average rating of “Buy” and an average price target of $16.80.
NASDAQ TAST opened at $15.55 on Friday. Carrols Restaurant Group has a one year low of $9.90 and a one year high of $16.20. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.79 and a quick ratio of 0.69. The firm has a market capitalization of $577.32 million, a P/E ratio of 52.67, a PEG ratio of 2.32 and a beta of 0.34.
Several institutional investors and hedge funds have recently modified their holdings of TAST. Cubist Systematic Strategies LLC purchased a new position in shares of Carrols Restaurant Group during the 1st quarter worth $115,000. Barclays PLC grew its holdings in shares of Carrols Restaurant Group by 79.3% during the 1st quarter. Barclays PLC now owns 11,605 shares of the restaurant operator’s stock worth $130,000 after purchasing an additional 5,131 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Carrols Restaurant Group by 20,432.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,114 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 12,055 shares during the period. Trexquant Investment LP purchased a new position in shares of Carrols Restaurant Group during the 2nd quarter worth $162,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Carrols Restaurant Group during the 2nd quarter worth $170,000. 84.03% of the stock is owned by institutional investors and hedge funds.
About Carrols Restaurant Group
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King. As of December 31, 2017, it owned and operated 807 Burger King restaurants located in 17 states of the United States. The company was founded in 1960 and is headquartered in Syracuse, New York.
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