Dougherty & Company Just Issued “Buy” Rating on Carrols Restaurant Group (TAST)

Carrols Restaurant Group (TAST) was Reiterated by Dougherty & Company to “Buy” while Lowering the Price Target of the company shares to $ 17 from a previous price target of $18.50 . Dougherty & Company advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Shares were Reiterated by Dougherty & Company on Mar 3, 2017 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $18.50 .Shares were Reiterated by Dougherty & Company on Mar 3, 2017 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $18.50 .

On the company’s financial health, Carrols Restaurant Group reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Mar 2, 2017. Analyst had a consensus of $0.12. The company had revenue of $240.80 million for the quarter, compared to analysts expectations of $244.04 million. The company’s revenue was up 5.1% compared to the same quarter last year.

Several company insiders have filed Insider transactions , on Dec 12, 2016, William E Myers (VP, GC and Secretary) sold 4,600 shares at $13.61 per share price. According to the SEC, on Nov 28, 2016, Daniel T Accordino (CEO and President) sold 25,000 shares at $13.90 per share price. On Sep 6, 2016, Timothy Lalonde (Vice President and Controller) sold 4,000 shares at $13.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Carrols Restaurant Group (TAST) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $16.35 and reached the intraday high at $16.55. The bulls started the profit booking and pushed the shares to intraday low of $16.1. The trading session was marked by a volume range of 2,94,171 shares exchanging hands. The 52-week high of the shares is $17.55 and the 52-week low is $9.6. The market cap of the company stands at $581 M and there are 3,58,35,800 shares in public circulation.

Carrols Restaurant Group Inc. is a holding company and conducts all of its operations through its direct and indirect subsidiaries. The Company’s subsidiaries include Carrols LLC and Carrols Corporation. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. It is a Burger King franchisee and operates Burger King restaurants. As of December 28 2014 the Company owned and operated 674 Burger King restaurants located in 15 Northeastern Midwestern and Southeastern states. Burger King restaurants feature the flame-broiled Whopper sandwich as well as a range of hamburgers chicken and other specialty sandwiches French fries salads breakfast items snacks smoothies frappes and other offerings. As of December 28 2014 the Company owned 10 and leased 664 Burger King restaurant properties including seven restaurants located in mall shopping centers two restaurants located on military bases and 21 co-branded locations.

Carrols Restaurant Group

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