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

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

Separately, Truist Financial reissued a hold rating and issued a $9.55 price target (down 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $9.55.

Carrols Restaurant Group Stock Performance

TAST remained flat at $9.54 during midday trading on Friday. The business’s fifty day moving average price is $9.51 and its 200 day moving average price is $8.70. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.41 and a current ratio of 0.48. Carrols Restaurant Group has a 1 year low of $4.29 and a 1 year high of $9.56. The firm has a market capitalization of $501.99 million, a PE ratio of 16.74 and a beta of 2.48.

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. The business had revenue of $470.36 million for the quarter, compared to the consensus estimate of $470.41 million. Carrols Restaurant Group had a net margin of 1.94% and a return on equity of 22.38%.

Carrols Restaurant Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 11th were issued a $0.02 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. Carrols Restaurant Group’s payout ratio is 14.04%.

Institutional Investors Weigh In On Carrols Restaurant Group

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Carrols Restaurant Group during the third quarter valued at approximately $104,000. Raymond James & Associates bought a new stake in Carrols Restaurant Group during the third quarter valued at about $138,000. Panagora Asset Management Inc. boosted its position in Carrols Restaurant Group by 127.1% during the third quarter. Panagora Asset Management Inc. now owns 53,295 shares of the restaurant operator’s stock valued at $351,000 after purchasing an additional 29,824 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Carrols Restaurant Group by 181.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,177 shares of the restaurant operator’s stock worth $3,033,000 after purchasing an additional 296,473 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its position in shares of Carrols Restaurant Group by 227.9% during the third quarter. AdvisorShares Investments LLC now owns 80,994 shares of the restaurant operator’s stock valued at $534,000 after buying an additional 56,294 shares during the last quarter. 86.80% of the stock is owned by institutional investors.

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.