Equities research analysts expect that Carrols Restaurant Group Inc (NASDAQ:TAST) will report earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Carrols Restaurant Group’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.14. Carrols Restaurant Group reported earnings of $0.22 per share during the same quarter last year, which would indicate a negative year over year growth rate of 36.4%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, August 8th.
On average, analysts expect that Carrols Restaurant Group will report full year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.25. For the next year, analysts anticipate that the business will report earnings of $0.43 per share, with EPS estimates ranging from $0.23 to $0.62. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Carrols Restaurant Group.
Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Wednesday, May 8th. The restaurant operator reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.13). Carrols Restaurant Group had a return on equity of 3.29% and a net margin of 0.15%. The company had revenue of $290.80 million during the quarter, compared to analyst estimates of $292.51 million. During the same quarter last year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year.
Several equities research analysts recently weighed in on TAST shares. BidaskClub upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Dougherty & Co restated a “buy” rating and issued a $16.00 target price on shares of Carrols Restaurant Group in a report on Thursday, May 9th. Finally, Zacks Investment Research lowered Carrols Restaurant Group from a “buy” rating to a “strong sell” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.50.
TAST traded up $0.03 on Wednesday, hitting $8.70. The company had a trading volume of 225,949 shares, compared to its average volume of 295,457. The stock’s fifty day simple moving average is $9.00. Carrols Restaurant Group has a 1-year low of $8.16 and a 1-year high of $16.40. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.21 and a current ratio of 0.29. The company has a market capitalization of $386.04 million, a PE ratio of 29.00 and a beta of 0.44.
In other Carrols Restaurant Group news, Director Alexander R. Sloane purchased 11,709 shares of the company’s stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $8.56 per share, with a total value of $100,229.04. Following the transaction, the director now directly owns 5,258 shares in the company, valued at approximately $45,008.48. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 22.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TAST. Geode Capital Management LLC increased its position in Carrols Restaurant Group by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 392,064 shares of the restaurant operator’s stock worth $3,857,000 after buying an additional 30,439 shares during the period. Two Sigma Advisers LP increased its position in Carrols Restaurant Group by 12.3% in the 4th quarter. Two Sigma Advisers LP now owns 176,543 shares of the restaurant operator’s stock worth $1,737,000 after buying an additional 19,396 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Carrols Restaurant Group by 331.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,779 shares of the restaurant operator’s stock valued at $96,000 after purchasing an additional 7,512 shares during the period. Legal & General Group Plc increased its position in shares of Carrols Restaurant Group by 31.7% during the fourth quarter. Legal & General Group Plc now owns 6,502 shares of the restaurant operator’s stock valued at $64,000 after purchasing an additional 1,564 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Carrols Restaurant Group by 43.7% during the fourth quarter. Macquarie Group Ltd. now owns 5,264 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 1,600 shares during the period. 72.73% of the stock is currently owned by institutional investors.
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.
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