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Saturday, June 3, 2023

What Are The Chances Of Carrols Restaurant Group Inc. (NASDAQ: TAST) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Carrols Restaurant Group Inc. (TAST) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.86%, to $4.70. The Carrols Restaurant Group Inc. has recorded 361,016 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter 2023.

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Stocks Info

As a NASDAQ listed company, TAST falls under the Consumer Cyclical sector while operating within the Restaurants industry segment. At the end of the last regular session, the stock closed at $4.66 and fluctuated between $4.7200 as its day high and $4.3300 as its day low. The current market capitalization of Carrols Restaurant Group Inc. is $264.64M. A total of 1.31 million shares were traded on the day, compared to an average of 347.89K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TAST has seen 0 BUY and 13 SELL insider trades, representing the acquisition of 0 and the disposition of 15,843 shares. Over the last 12 months, there were 16 BUYs and 19 SELLs from insiders. Insiders purchased 790,977 shares during that period but sold 143,328.

In the most recent transaction, Myers William E sold 10,000 shares of TAST for 2.03 per share on Mar 14. After the transaction, the VP now owns 88,571 company shares. In a previous transaction on Dec 13, Pena Paulo A bought 17,000 shares at 1.46 per share. TAST shares that President and CEO owns now total 138,275.

Among the insiders who bought shares, Pena Paulo A acquired of 21,275 shares on Jun 08 at a per-share price of $2.35. This resulted in the President and CEO holding 121,275 shares of TAST after the transaction.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. TAST’s most recent ex-dividend date was 8/24/2021 when it declared a $0.41 quarterly dividend that was paid in cash on 10/5/2021.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TAST in the last 3 months, the mean price target is $4.63 with high estimates of $6.00 and low estimates of $2.50. In terms of 52-week highs and lows, TAST has a high of $4.51 and a low of $1.28.

As of this writing, TAST has an earnings estimate of -$0.26 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.16 per share and a lower estimate of -$0.37. The company reported an EPS of -$0.14 in the last quarter, which was 30.00% higher than expectations of -$0.2.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. TAST’s latest balance sheet shows that the firm has $29.15M in Cash & Short Term Investments as of fiscal 2021. There were $1.32B in debt and $168.62M in liabilities at the time. Its Book Value Per Share was $2.97, while its Total Shareholder’s Equity was $214.22M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TAST is Buy with a score of 5.00.

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