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

Equities researchers at StockNews.com began coverage on shares of Carrols Restaurant Group (NASDAQ:TASTGet Free Report) in a report released on Sunday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Several other research firms have also recently commented on TAST. Craig Hallum restated a “hold” rating on shares of Carrols Restaurant Group in a report on Wednesday, January 17th. Truist Financial reaffirmed a “hold” rating and set a $9.55 price objective (down previously from $10.00) on shares of Carrols Restaurant Group in a research report on Monday, January 22nd. Stephens reaffirmed an “equal weight” rating and set a $9.55 price objective (down previously from $13.00) on shares of Carrols Restaurant Group in a research report on Tuesday, January 16th. Finally, TheStreet raised shares of Carrols Restaurant Group from a “d+” rating to a “c” rating in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.87.

Check Out Our Latest Stock Report on TAST

Carrols Restaurant Group Stock Performance

TAST stock opened at $9.43 on Friday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.59 and a current ratio of 0.66. The stock has a market cap of $513.94 million, a P/E ratio of 157.17 and a beta of 2.55. The firm has a 50 day simple moving average of $8.44 and a 200 day simple moving average of $7.19. Carrols Restaurant Group has a 52 week low of $1.85 and a 52 week high of $9.54.

Hedge Funds Weigh In On Carrols Restaurant Group

Institutional investors have recently modified their holdings of the company. Atika Capital Management LLC grew its stake in shares of Carrols Restaurant Group by 7.9% in the second quarter. Atika Capital Management LLC now owns 790,000 shares of the restaurant operator’s stock worth $3,982,000 after acquiring an additional 58,108 shares during the last quarter. EA Series Trust acquired a new stake in shares of Carrols Restaurant Group in the second quarter worth $832,000. Portolan Capital Management LLC acquired a new stake in shares of Carrols Restaurant Group in the second quarter worth $6,506,000. Assenagon Asset Management S.A. grew its stake in shares of 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 acquiring an additional 296,473 shares during the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new stake in shares of Carrols Restaurant Group in the third quarter worth $549,000. Institutional investors own 29.12% of the company’s stock.

About Carrols Restaurant Group

(Get Free Report)

Carrols Restaurant Group, Inc, through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King and Popeyes franchisee. The company was founded in 1960 and is headquartered in Syracuse, New York.

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