Carrols Restaurant Group (TAST) Coverage Initiated by Analysts at SunTrust Banks

SunTrust Banks started coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research report released on Wednesday, Marketbeat reports. The firm issued a buy rating and a $16.00 price objective on the restaurant operator’s stock.

Several other research firms also recently weighed in on TAST. Dougherty & Co reiterated a buy rating on shares of Carrols Restaurant Group in a research note on Sunday, March 4th. BidaskClub downgraded shares of Carrols Restaurant Group from a sell rating to a strong sell rating in a research note on Monday, February 19th. Zacks Investment Research downgraded shares of Carrols Restaurant Group from a buy rating to a hold rating in a research note on Friday, March 9th. Citigroup reduced their target price 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. Finally, ValuEngine downgraded shares of Carrols Restaurant Group from a hold rating to a sell rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Carrols Restaurant Group has a consensus rating of Buy and a consensus price target of $14.80.

Carrols Restaurant Group opened at $12.00 on Wednesday, according to Marketbeat. Carrols Restaurant Group has a 52-week low of $9.90 and a 52-week high of $13.57. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.79 and a quick ratio of 0.69. The stock has a market cap of $423.85 million, a P/E ratio of 60.00, a P/E/G ratio of 2.10 and a beta of 0.30.

Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Tuesday, May 8th. The restaurant operator reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.10. The firm had revenue of $271.60 million during the quarter, compared to the consensus estimate of $262.13 million. Carrols Restaurant Group had a net margin of 0.86% and a return on equity of 6.69%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.14) earnings per share. equities research analysts anticipate that Carrols Restaurant Group will post 0.28 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Carrols Restaurant Group by 8.6% in the first quarter. BlackRock Inc. now owns 2,550,827 shares of the restaurant operator’s stock valued at $28,569,000 after acquiring an additional 202,338 shares during the period. Brown Advisory Inc. boosted its position in shares of Carrols Restaurant Group by 3.3% in the fourth quarter. Brown Advisory Inc. now owns 2,512,070 shares of the restaurant operator’s stock valued at $30,522,000 after acquiring an additional 81,143 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Carrols Restaurant Group by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,308,407 shares of the restaurant operator’s stock valued at $25,854,000 after acquiring an additional 29,498 shares during the period. Millennium Management LLC boosted its position in shares of Carrols Restaurant Group by 42.4% in the first quarter. Millennium Management LLC now owns 1,402,472 shares of the restaurant operator’s stock valued at $15,708,000 after acquiring an additional 417,911 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Carrols Restaurant Group by 25.1% in the first quarter. Russell Investments Group Ltd. now owns 681,275 shares of the restaurant operator’s stock valued at $7,630,000 after acquiring an additional 136,892 shares during the period. Institutional investors own 83.75% of the company’s stock.

About Carrols Restaurant Group

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.

Analyst Recommendations for Carrols Restaurant Group (NASDAQ:TAST)

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