An Evaluation Of Carrols Restaurant Group Inc. (NASDAQ: TAST) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Burger King® Company to Acquire Carrols Restaurant Group.

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Stocks Info

TAST belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Restaurants industry. At the end of the last regular session, the stock closed at $9.41 and fluctuated between $9.44 as its day high and $9.41 as its day low. The current market capitalization of Carrols Restaurant Group Inc. is $485.56M. A total of 0.52 million shares were traded on the day, compared to an average of 1.17M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TAST in the last 3 months, the mean price target is $9.55 with high estimates of $9.55 and low estimates of $9.55. 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 $Tempest Therapeutics, Inc. per share for the current quarter. EPS was calculated based on a consensus of Toast, Inc. estimates, with a high estimate of $Twist Bioscience Corporation per share and a lower estimate of $Fastenal Company.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $3.53, while its Total Shareholder’s Equity was $214.22M.

Analysts Opinion

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. 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 3.00.

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