Carrols Restaurant Group Inc. (NASDAQ:TAST) finished Thursday with an addition of $0.8 to close at $6.99, an upside of 12.92 percent. An average of 1,259,060 shares of common stock have been traded in the last five days. There was a gain of $1.43 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 696,705 shares traded, while the 50-day average volume stands at 747,542.
TAST stock has increased by 30.41% in the last month. The company shares reached their 1-month lowest point of $4.76 on 07/17/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $1.31 and a high of $6.24 in 52 weeks. It has reached a new high 38 times so far this year and achieved 413.97% or $5.63 in price. In spite of this, the price is up 12.01% from the 52-week high.
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Insider Transactions
TAST stock investors should be aware that Carrols Restaurant Group Inc. (TAST) stock had its last reported insider trading activity 150 days ago on Mar 14.
Valuation Metrics
Carrols Restaurant Group Inc. (TAST) stock’s beta is 2.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.20, the price-to-book (PB) ratio at 2.38, and the price-to-cash flow ratio at 16.20.
Financial Health
The quick ratio of Carrols Restaurant Group Inc. for the three months ended March 30 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.08 and a total debt to equity ratio of 3.12 for the quarter ending March 30. Carrols Restaurant Group Inc.’s EBITDA margin for the year ending March 30 is 3.09%, while its operating margin for the same period stands at -0.90%. Its gross profit as reported stood at $336.44 million compared to revenue of $1.73 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Carrols Restaurant Group Inc.’s return on assets was -3.30%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $0.86 million in the quarter, while revenues of -$19.13 million were grew 2573.26%. The analyst consensus anticipated Carrols Restaurant Group Inc.’s latest quarter earnings to come in at -$0.26 per share, but it turned out to be $0, a 100.00% surprise. For the quarter, EBITDA amounted to $29.53 million. Shareholders own equity worth $54.06 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Carrols Restaurant Group Inc. (TAST) price momentum. RSI 9-day as of the close on 10 August was 82.18%, suggesting the stock is Overbought, with historical volatility in this time frame at 68.57%.
As of today, TAST’s price is $6.19 +25.72% or $1.43 from its 5-day moving average. TAST is currently trading +32.89% higher than its 20-day SMA and +232.86% higher than its 100-day SMA. However, the stock’s current price level is +33.65% above the SMA50 and +356.86% above the SMA200.
The stochastic %K and %D were 85.80% and 86.90%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 70.54% and the average true range at 0.40, the RSI (14) stands at 75.17%. The stock has reached 0.44 on the 9-day MACD Oscillator while the 14-day reading was at 0.61.
Analyst Ratings
Craig Hallum upgraded Carrols Restaurant Group Inc. (NASDAQ: TAST) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.
