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Wednesday, December 6, 2023

The Street Is Finally Waking Up To Carrols Restaurant Group Inc. (NASDAQ: TAST)

After Hours

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. After-hours trades for Carrols Restaurant Group Inc. (TAST) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.27%, to $7.48. The Carrols Restaurant Group Inc. has recorded 240,434 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter 2023.

Stocks Info

Carrols Restaurant Group Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Restaurants industry. At the end of the last regular session, the stock closed at $7.50 and fluctuated between $7.85 as its day high and $6.97 as its day low. The current market capitalization of Carrols Restaurant Group Inc. is $408.68M. A total of 1.37 million shares were traded on the day, compared to an average of 563.72K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TAST has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 412,060 shares. Over the last 12 months, there were 17 BUYs and 22 SELLs from insiders. Insiders purchased 1,167,042 shares during that period but sold 555,388.

In the most recent transaction, Cross Richard G sold 5,000 shares of TAST for 7.06 per share on Aug 30. After the transaction, the VP, Chief Development Officer now owns 277,179 company shares. In a previous transaction on Mar 14, Myers William E sold 10,000 shares at 2.03 per share. TAST shares that VP owns now total 88,571.

Among the insiders who bought shares, Pena Paulo A acquired of 17,000 shares on Dec 13 at a per-share price of $1.46. This resulted in the President and CEO holding 138,275 shares of TAST after the transaction.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Carrols Restaurant Group Inc. pays an annual dividend of $0.02, resulting in a dividend yield of 0.27%, and it has a price to earnings (P/E) ratio of 225.90. TAST’s most recent ex-dividend date was 11/20/2023 when it declared a $0.02 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 10/5/2021 with an ex-dividend date of 8/24/2021. The TAST stock dividend was $0.41 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TAST in the last 3 months, the mean price target is $9.88 with high estimates of $11.50 and low estimates of $8.00. In terms of 52-week highs and lows, TAST has a high of $8.05 and a low of $1.31.

As of this writing, TAST has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.01. The company reported an EPS of $0.27 in the last quarter, which was 1,250.00% higher than expectations of $0.02.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $3.26, while its Total Shareholder’s Equity was $214.22M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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