Shares of Carrols Restaurant Group Inc. (NASDAQ:TAST) saw strong trading volume on Wednesday . 207,464 shares traded hands during trading, an increase of 5% from the previous session’s volume of 197,340 shares.The stock last traded at $12.99 and had previously closed at $12.69.
Several analysts have weighed in on the company. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, September 15th. Citigroup Inc. reaffirmed a “buy” rating and set a $15.50 target price (up previously from $15.00) on shares of Carrols Restaurant Group in a research note on Tuesday, July 5th.
The stock has a market cap of $462.92 million, a P/E ratio of 25.54 and a beta of -0.08. The stock’s 50-day moving average is $13.21 and its 200 day moving average is $13.10.
Carrols Restaurant Group (NASDAQ:TAST) last issued its earnings results on Tuesday, August 9th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Carrols Restaurant Group had a net margin of 2.83% and a return on equity of 26.41%. The business earned $241.40 million during the quarter, compared to the consensus estimate of $244.61 million. On average, equities analysts predict that Carrols Restaurant Group Inc. will post $0.59 earnings per share for the current year.
In related news, VP Timothy Lalonde sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $13.61, for a total value of $54,440.00. Following the completion of the sale, the vice president now directly owns 96,053 shares in the company, valued at approximately $1,307,281.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of TAST. Legal & General Group Plc increased its stake in shares of Carrols Restaurant Group by 34.4% in the first quarter. Legal & General Group Plc now owns 7,062 shares of the company’s stock valued at $102,000 after buying an additional 1,807 shares during the period. Zacks Investment Management bought a new stake in shares of Carrols Restaurant Group during the second quarter valued at about $123,000. Cubist Systematic Strategies LLC bought a new stake in shares of Carrols Restaurant Group during the second quarter valued at about $149,000. Moors & Cabot Inc. increased its stake in shares of Carrols Restaurant Group by 12.6% in the second quarter. Moors & Cabot Inc. now owns 12,841 shares of the company’s stock valued at $154,000 after buying an additional 1,441 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in shares of Carrols Restaurant Group by 15.2% in the second quarter. Eqis Capital Management Inc. now owns 14,339 shares of the company’s stock valued at $171,000 after buying an additional 1,892 shares during the period. Institutional investors and hedge funds own 82.61% of the company’s stock.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name.
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