Carrols Restaurant Group, Inc. (NASDAQ:TAST) Price Target Cut to $15.50

Marco Green
August 12, 2017

FMR LLC now owns 1,005,896 shares of the restaurant operator's stock valued at $15,340,000 after buying an additional 117,316 shares during the last quarter.

According to the latest research reports released, 3 analysts have issued a rating of "buy", 1 analysts "outperform", 0 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". (NYSE:PRI). Manufacturers Life Insur Co The has invested 0.01% in Primerica, Inc.

More notable recent Carrols Restaurant Group, Inc.

Stock market analysts and brokers have recently amended their target prices on shares of Carrols Restaurant Group, Inc. Waratah Capital Advisors purchased a fresh position in stocks of Carrols Restaurant Group during the Q1 valued roughly $4,579,000. Worth Venture Partners LLC now owns 13,305 shares of the restaurant operator's stock worth $188,000 after buying an additional 1,340 shares during the period. NY raised its position in Carrols Restaurant Group by 2.3% in the fourth quarter. MA boosted its position in shares of Carrols Restaurant Group by 1.2% in the first quarter. Royce & Associates LP now owns 327,774 shares of the restaurant operator's stock worth $4,015,000 after buying an additional 195,500 shares during the period. The Driehaus Capital Management Llc holds 337,861 shares with $5.15M value, down from 498,394 last quarter. Alambic Investment Management L.P. now owns 74,300 shares of the restaurant operator's stock worth $1,051,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 84.21% of the company's stock. (NASDAQ:TAST). Bridgecreek Inv Mngmt Lc has invested 0.04% of its portfolio in Carrols Restaurant Group, Inc. (TAST) traded up 4.67% during mid-day trading on Friday, hitting $11.20. The company saw 0.46 million shares trade hands over the course of the day. Shares are trading at $10.70 which is much lower than the 50 day moving average which is $12.17 and significantly lower than the 200 day moving average of $13.54. Carrols Restaurant Group has a 12 month low of $9.60 and a 12 month high of $17.55. The company has a market cap of $396.58 million, a P/E ratio of 16.28 and a beta of 0.02. (NASDAQ:TAST) were released by: and their article: "Local Burger King franchisee acquired by NY company" published on June 13, 2017 as well as's news article titled: "BRIEF-Carrols Restaurant Group prices upsized offering of $75 mln senior ..." with publication date: June 20, 2017. The restaurant operator reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.08) by $0.06. The business had revenue of $279.48 million for the quarter, compared to analyst estimates of $274.90 million. The firm's revenue for the quarter was up 7.8% compared to the same quarter a year ago. Eagle Asset Management Inc. increased its stake in shares of Carrols Restaurant Group by 32.8% in the second quarter. On average, equities research analysts expect that Carrols Restaurant Group will post $0.24 EPS for the current year. Omers Administration Corp has 0.01% invested in Carrols Restaurant Group, Inc. "(NASDAQ:TAST)" was originally posted by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright & trademark laws. The original version of this story can be read at

Several research firms recently weighed in on TAST. (NASDAQ:TAST) had its price objective decreased by Dougherty & Co from $18.50 to $15.50 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

Heading into the stock price potential, Carrols Restaurant Group, Inc. needs to grow just 53.02% to cross its median price target of $17.75. Parametric Port Lc holds 0% of its portfolio in Carrols Restaurant Group, Inc.

Pcj Investment Counsel Ltd decreased Carrols Restaurant Group Inc (TAST) stake by 25.62% reported in 2016Q4 SEC filing.

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.

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