Coverage Initiated by Stephens for Carrols Restaurant Group (NASDAQ:TAST)

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Stock analysts at Stephens initiated coverage on shares of  Carrols Restaurant Group (NASDAQ:TAST) in a report issued on Tuesday. The brokerage set a Overweight rating on the Retail/Wholesale stock. A price-to-earnings ratio of #N/A and a beta of 2.34. Carrols Restaurant Group has a twelve month low $0.98 of  and a twelve month high of $9.76.

Shares of Carrols Restaurant Group traded up $0.09 on Tuesday, reaching $4.84. 949113 shares of the stock traded hands, compared to its average volume of 827262. Shares of Carrols Restaurant Group closed trading at $4.84 on Tuesday mid-day. The firm’s 50 day moving average is $$4.16 and its 200 day moving average is $5.29.Carrols Restaurant Group  has a 12 month low of $4.77 and a 12 month high of $9.76. While on yearly highs and lows, Carrols Restaurant Group’s today has traded high as $5.10 and has touched $4.77 on the downward trend. See More Analyst Rating at: RATING

Carrols Restaurant Group Earnings and What to expect: 

Carrols Restaurant Group last announced its quarterly earnings data on May 7th, 2020. The restaurant operator reported ($0.38) earnings per share for the quarter, meeting the consensus estimate of ($0.38). The company had revenue of $351.52 million for the quarter, compared to analysts’ expectations of $362.91 million. Carrols Restaurant Group has generated ($0.36) earnings per share over the last year. Carrols Restaurant Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, August 13th, 2020 based off prior year’s report dates.

Earnings for Carrols Restaurant Group are expected to grow in the coming year, from ($0.32) to ($0.22) per share. The P/E ratio of Carrols Restaurant Group is -5.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Carrols Restaurant Group is -5.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Carrols Restaurant Group has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 33.60%
  • On 3/11/2020 Director David Harris Buy 40,000 at average share price of $2.27 which equates to $90,800.00 in money value.
  • On 2/28/2020 VP Markus Hartmann Buy 2,500 at average price of  $3.84 with total value of : Not Data Available
  • On 2/28/2020 Director Matthew Terker Perelman Buy 25,000 at average price of  $3.93 with total value of : $98,250.00

Analyt at Stephens other ratings :

  • 6/30/2020 – Sandy Spring Bancorp had its “equal weight” rating re-affirmed by analysts at Stephens. They now have a $29.00 price target on the stock.
  • 6/30/2020 – Lyons Bancorp is now covered by analysts at Stephens. They set an “overweight” rating and a $29.00 price target on the stock.
  • 6/29/2020 – Southern National Banc. of Virginia is now covered by analysts at Stephens. They set an “equal weight” rating on the stock.
  • 6/26/2020 – Papa John’s Int’l had its price target raised by analysts at Stephens from $83.00 to $94.00.

Latest rating for Carrols Restaurant Group by other brokers:

  • 6/15/2020 – Carrols Restaurant Group had its price target raised by analysts at Craig Hallum from $5.00 to $8.00.
  • 5/9/2020 – Carrols Restaurant Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating.
  • 5/8/2020 – Carrols Restaurant Group had its price target raised by analysts at SunTrust Banks, Inc. from $4.00 to $6.00. They now have a “buy” rating on the stock.
  • 5/8/2020 – Carrols Restaurant Group was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $5.00 price target on the stock, up previously from $3.75.

Carrols Restaurant Group (NASDAQ:TAST) Moving Average Technical Analysis

5 day Moving Average is $4.69 And 5 day price change is $0.10 (2.03%)  with average volume for 5 day average is 655,741. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $4.80 and 20 day price change is $0.63 (14.35%) and average 20 day moving volume is 810,590. 50 day moving average is $4.16  and 50 day price change is $2.09 ( 71.33%)  and with average volume for 50 days is : 945,144. 200 day moving average is $5.29  and 200 day price change is -$3.29 (-39.59%)  and with average volume for 200 days is : 790,074.

See More Analyst Rating at: RATING