Analysts forecast that Carrols Restaurant Group Inc (NASDAQ:TAST) will post $409.72 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Carrols Restaurant Group’s earnings, with the highest sales estimate coming in at $411.50 million and the lowest estimate coming in at $408.57 million. Carrols Restaurant Group posted sales of $307.75 million during the same quarter last year, which suggests a positive year-over-year growth rate of 33.1%. The company is scheduled to report its next earnings results on Wednesday, February 26th.
According to Zacks, analysts expect that Carrols Restaurant Group will report full year sales of $1.37 billion for the current year, with estimates ranging from $1.18 billion to $1.47 billion. For the next year, analysts expect that the company will report sales of $1.70 billion, with estimates ranging from $1.66 billion to $1.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Carrols Restaurant Group.
Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Thursday, November 7th. The restaurant operator reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.19). Carrols Restaurant Group had a negative return on equity of 3.00% and a negative net margin of 1.48%. The firm had revenue of $398.40 million for the quarter, compared to analyst estimates of $400.92 million. During the same period in the previous year, the company earned $0.09 earnings per share. Carrols Restaurant Group’s revenue for the quarter was up 34.1% compared to the same quarter last year.
Shares of NASDAQ:TAST opened at $7.92 on Monday. The firm has a market capitalization of $408.04 million, a price-to-earnings ratio of 26.40 and a beta of 0.51. The stock’s 50 day moving average is $7.50 and its 200-day moving average is $8.16. Carrols Restaurant Group has a twelve month low of $6.23 and a twelve month high of $11.56. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 3.92.
Several hedge funds have recently bought and sold shares of the company. Creative Planning grew its stake in shares of Carrols Restaurant Group by 12.6% during the 2nd quarter. Creative Planning now owns 17,365 shares of the restaurant operator’s stock worth $157,000 after acquiring an additional 1,940 shares during the period. Swiss National Bank grew its stake in shares of Carrols Restaurant Group by 3.3% during the 2nd quarter. Swiss National Bank now owns 65,324 shares of the restaurant operator’s stock worth $590,000 after acquiring an additional 2,100 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Carrols Restaurant Group by 354.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,284 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 2,561 shares during the period. Bank of Montreal Can bought a new position in shares of Carrols Restaurant Group during the 2nd quarter worth $27,000. Finally, Royal Bank of Canada grew its stake in shares of Carrols Restaurant Group by 12.8% during the 2nd quarter. Royal Bank of Canada now owns 35,291 shares of the restaurant operator’s stock worth $318,000 after acquiring an additional 4,016 shares during the period. Institutional investors own 63.46% of the company’s stock.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc, through its subsidiaries, operates franchisee restaurants of Burger King in the United States. As of May 7, 2019, it owned and operated 1,010 Burger King and 55 Popeyes restaurants in 23 states.. The company was founded in 1960 and is headquartered in Syracuse, New York.
Featured Story: What is Put Option Volume?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Carrols Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrols Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.