CARROLS RESTAURANT GROUP INC (TAST) Forecast, Price Target & Analyst Ratings

NASDAQ:TAST • US14574X1046

Current stock price

9.54 USD
-0.01 (-0.1%)
At close:
9.56 USD
+0.02 (+0.21%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CARROLS RESTAURANT GROUP INC (TAST).

Forecast Snapshot

Consensus Price Target

Price Target
$9.74
+ 2.11% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Aug 8, 2024
Period
Q1 / 2024
EPS Estimate
$0.04
Revenue Estimate
465.94M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
45.71%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$9.74
Upside
+ 2.11%
From current price of $9.54 to mean target of $9.74, Based on 7 analyst forecasts
Low
$9.65
Median
$9.74
High
$10.03

Price Target Revisions

1 Month
-7.06%
3 Months
0.00%

Price Target Summary

7 Wall Street analysts provided a forecast for the next 12 months for TAST. The average price target is 9.74 USD. This implies a price increase of 2.11% is expected in the next year compared to the current price of 9.54.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

TAST Current Analyst RatingTAST Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0 0 0 0 0

Analyst Ratings History

TAST Historical Analyst RatingsTAST Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
45.71%
TAST was analyzed by 7 analysts. The buy percentage consensus is at 46. So analysts seem to be rather neutral about TAST.
In the previous month the buy percentage consensus was at a similar level.
TAST was analyzed by 7 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-01-22Truist SecuritiesDowngrade Buy -> Hold
2024-01-17Craig-HallumDowngrade Buy -> Hold
2024-01-16Stephens & Co.Downgrade Overweight -> Equal-Weight
2023-11-10Truist SecuritiesMaintains Buy -> Buy
2023-08-11Stephens & Co.Maintains Overweight -> Overweight
2023-08-11Truist SecuritiesMaintains Buy -> Buy
2023-08-10Stephens & Co.Reiterate Overweight -> Overweight
2023-07-18Truist SecuritiesMaintains Buy -> Buy
2023-05-12Truist SecuritiesMaintains Buy -> Buy
2023-05-12Craig-HallumMaintains Buy -> Buy
2023-04-17Truist SecuritiesMaintains Buy
2023-04-13Stephens & Co.Reiterate Overweight
2023-03-07Craig-HallumUpgrade Hold -> Buy
2023-02-28Stephens & Co.Reiterate Overweight
2022-11-14Deutsche BankMaintains Buy
2022-11-10Stephens & Co.Maintains Overweight
2022-09-23Stephens & Co.Initiate Overweight
2022-01-05Stephens & Co.Downgrade Overweight -> Equal-Weight
2021-10-27Craig-HallumDowngrade Buy -> Hold
2021-10-26Raymond JamesDowngrade Outperform -> Market Perform
2021-10-14Raymond JamesMaintains Outperform
2021-08-13Raymond JamesMaintains Outperform
2021-05-14Raymond JamesMaintains Outperform
2021-03-04Stephens & Co.Maintains Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Aug 8, 2024
Period
Q1 / 2024
EPS Estimate
$0.04
Revenue Estimate
465.94M
Revenue Q2Q
4.67%
EPS Q2Q
N/A
Number of Analysts
3

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
0.00%
EPS (3 Months)
-20.00%

Next Earnings Summary

TAST is expected to report earnings on 8/8/2024. The consensus EPS estimate for the next earnings is 0.04 USD and the consensus revenue estimate is 465.94M USD.
The next earnings revenue estimate has been revised downward by 0% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2024 - 2029

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026 2027 2028 2029
Revenue
YoY % growth
TAST revenue by date.TAST revenue by date.
1.652B
6.78%		1.73B
4.72%		1.877B
8.44%		1.986B
5.84%		2.026B
2.01%		1.883B
-7.06%		2.01B
6.74%		2.05B
1.99%		2.091B
2.00%
EBITDA
YoY % growth
TAST ebitda by date.TAST ebitda by date.
75.9M
-23.26%		53.6M
-29.38%		143.676M
168.05%		159.48M
11.00%		170.44M
6.87%		N/AN/AN/AN/A
EBIT
YoY % growth
TAST ebit by date.TAST ebit by date.
-4.9M
-128.49%		-24.5M
-400.00%		69.515M
383.73%		73.792M
6.15%		84.558M
14.59%		N/AN/AN/AN/A
Operating Margin
TAST operating margin by date.TAST operating margin by date.
-0.30%-1.42%3.70%3.72%4.17%N/AN/AN/AN/A
EPS
YoY % growth
TAST eps by date.TAST eps by date.
-0.44
-238.46%		-0.71
-61.36%		0.52
173.24%		0.58
10.83%		0.57
-1.77%		N/AN/AN/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		0.040.23
-13.11%		0.13
-17.13%		0.09
2.00%		0.08
100.00%		0.26
8.70%		0.21
61.54%		0.13
44.44%
Revenue
Q2Q % growth		465.94M
4.67%		508.67M
4.83%		499.9M
5.07%		493.88M
5.00%		479.6M
2.93%		523.77M
2.97%		514.79M
2.98%		509.29M
3.12%
EBITDA
Q2Q % growth		33.264M
15.90%		48.141M
-22.23%		41.443M
-46.11%		35.403M
-59.63%		35.598M
7.02%		49.164M
2.13%		46.308M
11.74%		39.474M
11.50%
EBIT
Q2Q % growth		10.247M
2.47%		24.931M
1.35%		16.993M
-20.34%		13.616M
0.64%		14.28M
39.36%		27.744M
11.28%		24.786M
45.86%		17.748M
30.35%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

TAST Yearly Revenue VS EstimatesTAST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
TAST Yearly EPS VS EstimatesTAST Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0.5 -0.5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
N/A
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-0.54%
Revenue Next 5 Year
1.38%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CARROLS RESTAURANT GROUP INC / TAST Forecast FAQ

Can you provide the average price target for CARROLS RESTAURANT GROUP INC stock?

7 analysts have analysed TAST and the average price target is 9.74 USD. This implies a price increase of 2.11% is expected in the next year compared to the current price of 9.54.

When does CARROLS RESTAURANT GROUP INC (TAST) report earnings?

CARROLS RESTAURANT GROUP INC (TAST) will report earnings on 2024-08-08, after the market close.

What are the consensus estimates for CARROLS RESTAURANT GROUP INC (TAST) next earnings?

The consensus EPS estimate for the next earnings of CARROLS RESTAURANT GROUP INC (TAST) is 0.04 USD and the consensus revenue estimate is 465.94M USD.

Can you provide the expected long term growth rate for CARROLS RESTAURANT GROUP INC stock?

The expected long term growth rate for CARROLS RESTAURANT GROUP INC (TAST) is -0.54%.