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Things appear to be looking up for Carrols Restaurant Group Inc. (TAST)

Carrols Restaurant Group Inc. (NASDAQ: TAST) is 20.69% higher on its value in year-to-date trading and has touched a low of $2.16 and a high of $9.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TAST stock was last observed hovering at around $9.50 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $9.51, the stock is 0.27% and 0.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 0.11% at the moment leaves the stock 31.90% off its SMA200. TAST registered 323.61% gain for a year compared to 6-month gain of 43.66%. The firm has a 50-day simple moving average (SMA 50) of $0.93 and a 200-day simple moving average (SMA200) of $12.28.

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The stock witnessed a 0.53% loss in the last 1 month and extending the period to 3 months gives it a 21.92%, and is 0.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.15% over the week and 0.30% over the month.

Carrols Restaurant Group Inc. (TAST) has around 25000 employees, a market worth around $545.68M and $1.88B in sales. Current P/E ratio is 21.02. Profit margin for the company is 1.46%. Distance from 52-week low is 340.28% and -0.31% from its 52-week high. The company has generated returns on investments over the last 12 months (2.00%).

Carrols Restaurant Group Inc. quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $470.41M over the same period.The EPS is expected to grow by 17.71% this year, but quarterly earnings will post 8.40% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.

Carrols Restaurant Group Inc. (TAST) Top Institutional Holders

181 institutions hold shares in Carrols Restaurant Group Inc. (TAST), with institutional investors hold 70.80% of the company’s shares. The shares outstanding are 51.60M, and float is at 39.51M with Short Float at 2.41%. Institutions hold 53.55% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 3.21 million shares valued at $16.16 million. The investor’s holdings represent 5.89% of the TAST Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 1.64 million shares valued at $8.29 million to account for 3.02% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 1.59 million shares representing 2.92% and valued at over $8.02 million, while Solel Partners LP holds 2.83% of the shares totaling 1.54 million with a market value of $7.76 million.

Carrols Restaurant Group Inc. (TAST) Insider Activity

The most recent transaction is an insider sale by Hull Anthony E,the company’sVP, CFO, andTreasurer. SEC filings show that Hull Anthony E sold 25,000 shares of the company’s common stock on Jan 16 ’24 at a price of $9.43 per share for a total of $0.24 million. Following the sale, the insider now owns 0.57 million shares.

Carrols Restaurant Group Inc. disclosed in a document filed with the SEC on Dec 29 ’23 that Hull Anthony E (VP, CFO, andTreasurer) sold a total of 9,413 shares of the company’s common stock. The trade occurred on Dec 29 ’23 and was made at $8.01 per share for $75397.0. Following the transaction, the insider now directly holds 0.61 million shares of the TAST stock.

Still, SEC filings show that on Dec 28 ’23, Hull Anthony E (VP, CFO, andTreasurer) disposed off 13,115 shares at an average price of $8.00 for $0.1 million. The insider now directly holds 622,802 shares of Carrols Restaurant Group Inc. (TAST).

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