Analyst Rating: Will Carrols Restaurant Group Inc (TAST) Stock Outperform the Market?

Wednesday, September 23, 2020 10:41 AM | InvestorsObserver Analysts

Wall Street is positive on Carrols Restaurant Group Inc (TAST). On average, analysts give the stock a Strong Buy rating. The average price target is $7.75, which means analysts expect the stock to climb by 14.64% over the next twelve months.

That average ranking earns the stock an Analyst Rating of 68, which is better than 68% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.6
Wall Street analysts are rating TAST a Strong Buy today. Find out what this means to you and get the rest of the rankings on TAST!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Carrols Restaurant Group Inc Stock Today?

Carrols Restaurant Group Inc (TAST) stock is trading at $6.76 as of 10:38 AM on Wednesday, Sep 23, a rise of $0.24, or 3.68% from the previous closing price of $6.52. The stock has traded between $6.73 and $6.93 so far today. Volume today is less active than usual. So far 108,786 shares have traded compared to average volume of 428,777 shares.

Click Here to get the full report on Carrols Restaurant Group Inc (TAST) Stock.

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