Carrols Restaurant Group, Inc. (NASDAQ:TAST) – Stock analysts at Dougherty & Co lowered their Q2 2017 earnings per share (EPS) estimates for shares of Carrols Restaurant Group in a research note issued to investors on Wednesday. Dougherty & Co analyst J. Hamblin now expects that the restaurant operator will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.22. Dougherty & Co has a “Buy” rating and a $17.00 price objective on the stock. Dougherty & Co also issued estimates for Carrols Restaurant Group’s Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.28 EPS and FY2018 earnings at $0.50 EPS.
Carrols Restaurant Group (NASDAQ:TAST) last posted its earnings results on Tuesday, May 9th. The restaurant operator reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.06. The firm had revenue of $239.90 million for the quarter, compared to analysts’ expectations of $236.05 million. Carrols Restaurant Group had a net margin of 3.93% and a return on equity of 10.18%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.
Carrols Restaurant Group (NASDAQ:TAST) opened at 12.45 on Thursday. The stock’s 50 day moving average is $12.91 and its 200 day moving average is $14.11. Carrols Restaurant Group has a 12-month low of $9.60 and a 12-month high of $17.55. The stock has a market capitalization of $440.84 million and a price-to-earnings ratio of 15.60.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new position in Carrols Restaurant Group during the first quarter valued at about $109,000. Metropolitan Life Insurance Co. NY boosted its position in Carrols Restaurant Group by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 25,414 shares of the restaurant operator’s stock valued at $360,000 after buying an additional 543 shares during the last quarter. Bank of America Corp DE boosted its position in Carrols Restaurant Group by 0.3% in the first quarter. Bank of America Corp DE now owns 231,485 shares of the restaurant operator’s stock valued at $3,275,000 after buying an additional 649 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Carrols Restaurant Group during the first quarter valued at about $1,231,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Carrols Restaurant Group by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 127,109 shares of the restaurant operator’s stock valued at $1,799,000 after buying an additional 7,695 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.
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