Carrols Restaurant Group, Inc. (NASDAQ:TAST) Short Interest Update

Carrols Restaurant Group, Inc. (NASDAQ:TAST) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,440,000 shares, a growth of 28.6% from the March 31st total of 1,120,000 shares. Based on an average daily volume of 673,400 shares, the short-interest ratio is presently 2.1 days. Approximately 3.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com assumed coverage on Carrols Restaurant Group in a research report on Tuesday, April 23rd. They set a “buy” rating for the company. Craig Hallum reiterated a “hold” rating on shares of Carrols Restaurant Group in a research report on Wednesday, January 17th. Truist Financial reiterated 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. Finally, Stephens reiterated 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. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.87.

Carrols Restaurant Group Stock Up 0.1 %

Shares of TAST traded up $0.01 during mid-day trading on Tuesday, reaching $9.52. The company’s stock had a trading volume of 668,776 shares, compared to its average volume of 916,331. The business has a fifty day moving average of $9.49 and a 200 day moving average of $8.39. The company has a market cap of $546.26 million, a price-to-earnings ratio of 18.31 and a beta of 2.50. Carrols Restaurant Group has a 1 year low of $3.67 and a 1 year high of $9.54. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 2.28.

Carrols Restaurant Group (NASDAQ:TAST) last released its earnings results on Friday, March 8th. The restaurant operator reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $470.36 million during the quarter, compared to analyst estimates of $470.41 million. Carrols Restaurant Group had a return on equity of 19.41% and a net margin of 1.80%. As a group, analysts forecast that Carrols Restaurant Group will post 0.64 earnings per share for the current fiscal year.

Carrols Restaurant Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 11th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.84%. Carrols Restaurant Group’s payout ratio is currently 15.38%.

Institutional Trading of Carrols Restaurant Group

Hedge funds have recently modified their holdings of the business. 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 acquiring an additional 1,126 shares during the last quarter. Federated Hermes Inc. increased its stake 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 worth $26,000 after acquiring an additional 1,381 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Carrols Restaurant Group by 18.7% in the fourth quarter. Mackenzie Financial Corp now owns 12,830 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 2,022 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Carrols Restaurant Group by 11.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 36,784 shares of the restaurant operator’s stock worth $242,000 after acquiring an additional 3,860 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Carrols Restaurant Group by 27.6% in the fourth quarter. SG Americas Securities LLC now owns 20,092 shares of the restaurant operator’s stock worth $158,000 after acquiring an additional 4,348 shares during the last quarter. Hedge funds and other institutional investors own 86.80% of the company’s stock.

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.