Carrols Restaurant Group (NASDAQ:TAST) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Carrols Restaurant Group (NASDAQ:TAST) in a research note released on Tuesday morning. The firm issued a buy rating on the restaurant operator’s stock.

Carrols Restaurant Group Stock Down 0.1 %

Carrols Restaurant Group stock opened at $9.54 on Tuesday. 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 $502.00 million, a price-to-earnings ratio of 16.74 and a beta of 2.48. The firm’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $9.12. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 2.24.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Federated Hermes Inc. increased its holdings in Carrols Restaurant Group by 73.6% during the fourth quarter. Federated Hermes Inc. now owns 3,257 shares of the restaurant operator’s stock worth $26,000 after buying an additional 1,381 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of 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 worth $65,000 after purchasing an additional 1,126 shares in the last quarter. AJOVista LLC purchased a new position in shares of Carrols Restaurant Group in the fourth quarter worth about $76,000. WINTON GROUP Ltd purchased a new position in Carrols Restaurant Group during the third quarter valued at approximately $98,000. Finally, Mackenzie Financial Corp grew its stake in Carrols Restaurant Group by 18.7% during the fourth 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 in the last quarter. 86.80% of the stock is owned by institutional investors.

About Carrols Restaurant Group

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.