Carrols Restaurant Group, Inc. (NASDAQ:TAST) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded Carrols Restaurant Group, Inc. (NASDAQ:TAST) to Hold in a report released on 09/20/2016.
Previously on Thursday September 15, 2016, Zacks Investment Research reported about Carrols Restaurant Group, Inc. (NASDAQ:TAST) raised the target price from $0.00 to $15.00. At the time, this indicated a possible upside of 0.15%.
Yesterday Carrols Restaurant Group, Inc. (NASDAQ:TAST) traded -1.40% lower at $13.04. The company’s 50-day moving average is $13.16 and its 200-day moving average is $13.11. The last stock close price is down -3.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 167,438 shares of the stock were exchanged, down from an average trading volume of 253,550
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Carrols Restaurant Group, Inc. has a 52 week low of $10.57 and a 52 week high of $14.80 with a P/E ratio of 24.59 The company’s market cap is currently $0.
About Carrols Restaurant Group, Inc. (NASDAQ:TAST)
Carrols Restaurant Group, Inc. is a holding company. The Company conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry. The Company is a Burger King franchisee in the United States and operates its restaurants under the Burger King trade name. The Company owns and operates approximately 705 Burger King restaurants located in over 20 Northeastern, Midwestern and Southeastern states, such as Illinois, Indiana, Kentucky, Maine, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Vermont, Virginia and West Virginia. Burger King restaurants feature the Whopper sandwich, as well as a range of hamburgers, chicken and other sandwiches, French fries, salads, breakfast items, hot dogs, snacks, smoothies, frappes and other offerings. Its subsidiaries include Carrols LLC and Carrols Corporation.
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