Carrols Restaurant Group (NASDAQ:TAST) Receives New Coverage from Analysts at StockNews.com

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

Separately, Truist Financial reiterated a hold rating and issued a $9.55 price objective (down from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Carrols Restaurant Group currently has an average rating of Hold and an average target price of $9.55.

Get Our Latest Research Report on TAST

Carrols Restaurant Group Stock Down 0.1 %

TAST stock opened at $9.54 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 2.24. Carrols Restaurant Group has a twelve month low of $4.29 and a twelve month high of $9.56. The company’s 50 day moving average is $9.51 and its two-hundred day moving average is $8.77. The stock has a market cap of $502.00 million, a P/E ratio of 16.74 and a beta of 2.48.

Carrols Restaurant Group (NASDAQ:TASTGet Free Report) last posted its quarterly earnings data on Friday, March 8th. The restaurant operator reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Carrols Restaurant Group had a net margin of 1.94% and a return on equity of 22.38%. The firm had revenue of $470.36 million for the quarter, compared to analyst estimates of $470.41 million.

Carrols Restaurant Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 11th were paid 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 dividend payout ratio (DPR) is presently 14.04%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TAST. Federated Hermes Inc. raised its stake in shares of Carrols Restaurant Group by 73.6% during the 4th quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock worth $26,000 after buying an additional 1,381 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Carrols Restaurant Group by 15.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 1,126 shares during the last quarter. AJOVista LLC acquired a new position in Carrols Restaurant Group in the 4th quarter valued at about $76,000. WINTON GROUP Ltd acquired a new position in Carrols Restaurant Group in the 3rd quarter valued at about $98,000. Finally, Mackenzie Financial Corp raised its stake in Carrols Restaurant Group by 18.7% in the 4th quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 2,022 shares during the last quarter. Institutional investors and hedge funds own 86.80% of the company’s stock.

Carrols Restaurant Group Company Profile

(Get Free Report)

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.

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