Carrols Restaurant Group (NASDAQ:TAST) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a report issued on Tuesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Carrols Restaurant Group Price Performance

Shares of TAST opened at $9.54 on Tuesday. The company has a 50 day moving average of $9.53 and a two-hundred day moving average of $9.12. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 2.24. Carrols Restaurant Group has a twelve month low of $4.29 and a twelve month high of $9.56. The company has a market cap of $502.00 million, a price-to-earnings ratio of 16.74 and a beta of 2.48.

Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings data on Thursday, May 9th. The restaurant operator reported $0.11 EPS for the quarter. Carrols Restaurant Group had a return on equity of 22.38% and a net margin of 1.94%. The firm had revenue of $452.19 million during the quarter.

Institutional Trading of Carrols Restaurant Group

A number of institutional investors have recently bought and sold shares of TAST. Federated Hermes Inc. increased its holdings in shares of Carrols Restaurant Group by 73.6% in the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 1,381 shares during the period. Tower Research Capital LLC TRC boosted its position in Carrols Restaurant Group by 15.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,274 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 1,126 shares during the last quarter. AJOVista LLC acquired a new position in Carrols Restaurant Group in the 4th quarter worth approximately $76,000. WINTON GROUP Ltd purchased a new position in Carrols Restaurant Group during the 3rd quarter worth approximately $98,000. Finally, Mackenzie Financial Corp lifted its stake in Carrols Restaurant Group by 18.7% during the 4th quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 2,022 shares during the period. 86.80% of the stock is currently owned by institutional investors and hedge funds.

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.