Carrols Restaurant Group (TAST) Receives Coverage Optimism Rating of 0.16

Media stories about Carrols Restaurant Group (NASDAQ:TAST) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carrols Restaurant Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the restaurant operator an impact score of 48.8862672496882 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of brokerages recently issued reports on TAST. Citigroup dropped their price target on shares of Carrols Restaurant Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, March 5th. Zacks Investment Research upgraded shares of Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, December 6th. Dougherty & Co reiterated a “buy” rating on shares of Carrols Restaurant Group in a research note on Sunday, March 4th. ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub lowered shares of Carrols Restaurant Group from a “sell” rating to a “strong sell” rating in a research note on Monday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Carrols Restaurant Group has a consensus rating of “Hold” and a consensus price target of $15.00.

TAST stock remained flat at $$11.35 during trading on Thursday. 98,266 shares of the company’s stock traded hands, compared to its average volume of 263,964. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 1.73. Carrols Restaurant Group has a 12-month low of $9.90 and a 12-month high of $14.45. The company has a market capitalization of $405.58, a price-to-earnings ratio of 56.75, a price-to-earnings-growth ratio of 2.13 and a beta of 0.26.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Wednesday, February 28th. The restaurant operator reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Carrols Restaurant Group had a net margin of 0.66% and a return on equity of 5.58%. The firm had revenue of $283.97 million during the quarter, compared to analyst estimates of $274.59 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities research analysts predict that Carrols Restaurant Group will post 0.26 earnings per share for the current fiscal year.

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Carrols Restaurant Group Company Profile

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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