Alert: Major Price Advance (7/28/20)-Carrols Restaurant Group Inc (NASDAQ: TAST).

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Carrols Restaurant Group Inc (NASDAQ: TAST) stock enjoyed a major increase of 13.5% on 7/28/20. The shares closed at $5.89. Moreover, trading volume in this advance was exceptionally high at 226% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 23.0% during the last week.

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Current PriceTarget Research Rating

TAST is expected to continue to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.

Carrols Restaurant has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Carrols Restaurant has a neutral Appreciation Score of 59 but a poor Power Rating of 25, leading to the Low Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 80827 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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