Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Carrols Restaurant Group Inc before investing.

In this article, we go over a few key elements for understanding Carrols Restaurant Group Inc’s stock price such as:

• Carrols Restaurant Group Inc’s current stock price and volume
• Why Carrols Restaurant Group Inc’s stock price changed recently
• Upgrades and downgrades for TAST from analysts
• TAST’s stock price momentum as measured by its relative strength

About Carrols Restaurant Group Inc (TAST)

Before we jump into Carrols Restaurant Group Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Carrols Restaurant Group, Inc. is a restaurant company. The Company operates two quick-service restaurant brands, Burger King and Popeyes. Burger King restaurants are fast-food hamburger restaurants that feature the flame-broiled Whopper sandwich, as well as a range of hamburgers, chicken and other specialty sandwiches, French fries, salads, breakfast items, snacks, soft drinks and more. It operates approximately 1,022 Burger King restaurants located in restaurants located in 23 Northeastern, Midwestern, Southcentral and Southeastern states. Popeyes restaurants are quick-service chicken restaurants that feature a Louisiana-style menu, including fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional offerings. It operates approximately 65 Popeyes restaurants in over seven Southeastern states. It conducts all of its operations through its direct and indirect wholly owned subsidiaries, Carrols Corporation and New CFH, LLC.

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Carrols Restaurant Group Inc’s Stock Price as of Market Close

As of September 21, 2023, 4:00 PM, CST, Carrols Restaurant Group Inc’s stock price was $6.22.

Carrols Restaurant Group Inc is down 4.31% from its previous closing price of $6.50.

During the last market session, Carrols Restaurant Group Inc’s stock traded between $6.19 and $6.63. Currently, there are 51.54 million shares of Carrols Restaurant Group Inc stock available for purchase.

Unfortunately, Carrols Restaurant Group Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Carrols Restaurant Group Inc Stock Price History

Carrols Restaurant Group Inc’s (TAST) price is currently down 10.89% so far this month.

During the month of September, Carrols Restaurant Group Inc’s stock price has reached a high of $7.05 and a low of $5.86.

Over the last year, Carrols Restaurant Group Inc has hit prices as high as $7.75 and as low as $1.31. Year to date, Carrols Restaurant Group Inc’s stock is up 110.14%.

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What Caused Carrols Restaurant Group Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 20, 2023, there were 0 analysts who downgraded Carrols Restaurant Group Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Carrols Restaurant Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Carrols Restaurant Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

Carrols Restaurant Group Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Carrols Restaurant Group Inc (TAST) by visiting AAII Stock Evaluator.

Relative Price Strength of Carrols Restaurant Group Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 20, 2023, Carrols Restaurant Group Inc has a weighted four-quarter relative price strength of 37.45%, which translates to a Momentum Score of 98 and is considered to be Very Strong.

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Carrols Restaurant Group Inc Stock Price: Bottom Line

As of September 21, 2023, Carrols Restaurant Group Inc’s stock price is $6.22, which is down 4.31% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Carrols Restaurant Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.