Is Carrols Restaurant Group Inc. (NASDAQ: TAST) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Burger King® Company to Acquire Carrols Restaurant Group.

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Stocks Info

This NASDAQ-listed company operates within the Restaurants industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Carrols Restaurant Group Inc. is $485.04M. A total of 1.54 million shares were traded on the day, compared to an average of 1.05M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TAST has seen 0 BUY and 10 SELL insider trades, representing the acquisition of 0 and the disposition of 22,500 shares. Over the last 12 months, there were 2 BUYs and 26 SELLs from insiders. Insiders purchased 423,320 shares during that period but sold 450,403.

In the most recent transaction, Hull Anthony E sold 25,000 shares of TAST for 9.43 per share on Jan 16. After the transaction, the VP, CFO, andTreasurer now owns 572,496 company shares. In a previous transaction on Dec 29, Hull Anthony E sold 9,413 shares at 8.01 per share. TAST shares that VP, CFO, andTreasurer owns now total 613,389.

Among the insiders who sold shares, Hull Anthony E disposed of 13,115 shares on Dec 28 at a per-share price of $8.00. This resulted in the VP, CFO, andTreasurer holding 622,802 shares of TAST after the transaction. In another insider transaction, Hull Anthony E sold 2,472 shares at $8.20 per share on Dec 14. Company shares held by the VP, CFO, andTreasurer now total 635,888.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TAST in the last 3 months, the mean price target is $9.41 with high estimates of $9.55 and low estimates of $9.00. In terms of 52-week highs and lows, TAST has a high of $9.54 and a low of $1.85.

As of this writing, TAST has an earnings estimate of $0.04 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 $0.03. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $3.53, 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 3.67.

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