Carrols Restaurant Group, Inc. (NASDAQ:TAST) announced its earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03), Bloomberg Earnings reports. Carrols Restaurant Group had a return on equity of 4.61% and a net margin of 3.13%. The business had revenue of $258.24 million for the quarter, compared to analyst estimates of $277.00 million. During the same quarter last year, the company posted $0.13 EPS. Carrols Restaurant Group’s quarterly revenue was up 8.1% on a year-over-year basis.
Shares of Carrols Restaurant Group (NASDAQ TAST) traded down $0.05 during trading hours on Friday, reaching $12.30. 347,300 shares of the company were exchanged, compared to its average volume of 259,594. Carrols Restaurant Group has a 1 year low of $9.90 and a 1 year high of $17.55. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95. The firm has a market capitalization of $444.75, a P/E ratio of 102.50, a P/E/G ratio of 4.61 and a beta of 0.11.
Several brokerages have recently weighed in on TAST. Citigroup Inc. increased their target price on shares of Carrols Restaurant Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday. ValuEngine upgraded shares of Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Raymond James Financial, Inc. restated an “outperform” rating and issued a $15.50 price objective on shares of Carrols Restaurant Group in a research report on Tuesday, September 26th. UBS AG downgraded shares of Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded shares of Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.33.
Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.
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