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

StockNews.com started coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research report released on Tuesday. The brokerage issued a buy rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the stock. Craig Hallum reaffirmed a hold rating on shares of Carrols Restaurant Group in a report on Wednesday, January 17th. Stephens reaffirmed an equal weight rating and set a $9.55 price target (down previously from $13.00) on shares of Carrols Restaurant Group in a report on Tuesday, January 16th. Finally, Truist Financial reaffirmed a hold rating and set a $9.55 price target (down previously from $10.00) on shares of Carrols Restaurant Group in a report on Monday, January 22nd. Three 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 stock currently has a consensus rating of Hold and an average target price of $8.87.

Carrols Restaurant Group Stock Performance

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. The company’s 50 day moving average is $9.48 and its 200 day moving average is $8.26. Carrols Restaurant Group has a 12-month low of $3.47 and a 12-month high of $9.54.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Carrols Restaurant Group had a net margin of 1.80% and a return on equity of 19.41%. The business had revenue of $470.36 million for the quarter, compared to the consensus estimate of $470.41 million. On average, equities research analysts predict that Carrols Restaurant Group will post 0.64 EPS for the current year.

Carrols Restaurant Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 11th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, March 8th. Carrols Restaurant Group’s payout ratio is currently 15.38%.

Institutional Investors Weigh In On Carrols Restaurant Group

A number of hedge funds have recently bought and sold shares of TAST. Federated Hermes Inc. raised its stake in shares of Carrols Restaurant Group by 73.6% in the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 1,381 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of Carrols Restaurant Group in the third quarter valued at $34,000. Barclays PLC purchased a new stake in shares of Carrols Restaurant Group in the second quarter valued at $49,000. Tower Research Capital LLC TRC raised its stake in shares of Carrols Restaurant Group by 15.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 1,126 shares during the period. Finally, AJOVista LLC purchased a new stake in shares of Carrols Restaurant Group in the fourth quarter valued at $76,000. Hedge funds and other institutional investors own 86.80% of the company’s stock.

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.