What to know about Carrols Restaurant Group Inc. (TAST)’s sales and margins

Carrols Restaurant Group Inc. [TAST] stock is trading at $9.48, down -0.21%. An important factor to consider is whether the stock is rising or falling in short-term value. The TAST shares have lost -0.21% over the last week, with a monthly amount glided 0.11%, and seem to be holding up well over a long-time horizon.

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On 16, January 2024, Burger King® Company to Acquire Carrols Restaurant Group. In a post published today on Yahoo Finance, Burger King to remodel acquired restaurants over the next 5 years, accelerating Burger King’s path to modern image.

From an analyst’s perspective:

Carrols Restaurant Group Inc. [NASDAQ: TAST] stock has seen the most recent analyst activity on March 07, 2023, when Craig Hallum upgraded its rating to a Buy and also boosted its price target to $4 from $2.50. Previously, Stephens started tracking the stock with Overweight rating on September 23, 2022, and set its price target to $4. On January 05, 2022, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $3 on the stock. Craig Hallum downgraded its rating to a Hold. Raymond James downgraded its rating to a Mkt Perform. Raymond James upgraded its rating to Outperform for this stock on October 12, 2020, but kept the price target unchanged to $9. In a note dated September 23, 2020, Wolfe Research initiated an Outperform rating and provided a target price of $8 on this stock.

Carrols Restaurant Group Inc. [TAST] stock has fluctuated between $2.50 and $9.54 over the past year. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Carrols Restaurant Group Inc. [NASDAQ: TAST] shares were valued at $9.48 at the most recent close of the market. An investor can expect a potential drop of -63.08% based on the average TAST price forecast.

Analyzing the TAST fundamentals

Carrols Restaurant Group Inc. [NASDAQ:TAST] reported sales of 1.88B for the trailing twelve months, which represents a growth of 5.68%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.18 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.55.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.46 points at the first support level, and at 9.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.51, and for the 2nd resistance point, it is at 9.55.

Carrols Restaurant Group Inc. [TAST] reported earnings per share of $0.16 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of $0.11 and a surprise factor of 220.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.27 per share as compared to estimates of $0.02 per share, a difference of $0.25 representing a surprise of 1,250.00%.

Ratios To Look Out For

For context, Carrols Restaurant Group Inc.’s Current Ratio is 0.49. On the other hand, the Quick Ratio is 0.41, and the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 2.64 and price to earnings (TTM) ratio is 20.95.

Transactions by insiders

Recent insider trading involved Hull Anthony E, VP, CFO, andTreasurer, that happened on Jan 16 ’24 when 25000.0 shares were sold. VP, CFO, andTreasurer, Hull Anthony E completed a deal on Dec 29 ’23 to sell 9413.0 shares. Meanwhile, VP, CFO, andTreasurer Hull Anthony E sold 13115.0 shares on Dec 28 ’23.

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