Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Carrols Restaurant Group Inc (NASDAQ: TAST) improved during the last several trading days. TAST’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, Carrols Restaurant Group Inc (NASDAQ: TAST) stock was unchanged 0.0%, closing at $9.48. However, this flat performance was accompanied by below average trading volume at 71% of normal. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TAST is expected to continue to be an important Value Builder.
Carrols Restaurant Group has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Carrols Restaurant Group has a slightly negative Appreciation Score of 34 but a very high Power Rating of 97, producing the Positive Value Trend Rating.
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