Carrols Restaurant Group (TAST) Stock Forecast, Price Target & Predictions
TAST Stock Forecast
Carrols Restaurant Group stock forecast is as follows: an average price target of $3.50 (represents a -63.31% downside from TAST’s last price of $9.54) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
TAST Price Target
The average price target for Carrols Restaurant Group (TAST) is $3.50 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $4.00 to $3.00. This represents a potential -63.31% downside from TAST's last price of $9.54.
TAST Analyst Ratings
According to 8 Wall Street analysts, Carrols Restaurant Group's rating consensus is 'Buy'. The analyst rating breakdown for TAST stock is 0 'Strong Buy' (0.00%), 4 'Buy' (50.00%), 2 'Hold' (25.00%), 2 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).
Carrols Restaurant Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jan 13, 2023 | Joshua Long | Stephens | $3.00 | $2.10 | 42.86% | -68.55% |
| Nov 14, 2022 | - | Deutsche Bank | $4.00 | $1.70 | 135.29% | -58.07% |
| Sep 23, 2022 | - | Stephens | $4.00 | $1.68 | 138.10% | -58.07% |
The latest Carrols Restaurant Group stock forecast, released on Jan 13, 2023 by Joshua Long from Stephens, set a price target of $3.00, which represents a 42.86% increase from the stock price at the time of the forecast ($2.10), and a -68.55% decrease from TAST last price ($9.54).
Carrols Restaurant Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $9.54 | $9.54 | $9.54 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Carrols Restaurant Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Carrols Restaurant Group's last price of $9.54. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 11, 2023 | Stephens | Overweight | Overweight | Hold |
| Mar 07, 2023 | Stephens | Overweight | Equal-Weight | Downgrade |
| Mar 07, 2023 | MoffettNathanson | - | Market Perform | Downgrade |
| Mar 07, 2023 | RBC Capital | - | Underperform | Downgrade |
| Mar 07, 2023 | Goldman Sachs | - | Sell | Downgrade |
| Mar 07, 2023 | Craig-Hallum | - | Buy | Upgrade |
| Mar 07, 2023 | Northcoast Research | - | Sell | Downgrade |
| Mar 07, 2023 | Morgan Stanley | - | Overweight | Upgrade |
| Mar 07, 2023 | BMO Capital | - | Market Perform | Downgrade |
| Jan 13, 2023 | Stephens | Overweight | Overweight | Hold |
Carrols Restaurant Group's last stock rating was published by Stephens on Aug 11, 2023. The company gave TAST a "Overweight" rating, the same as its previous rate.
Carrols Restaurant Group Financial Forecast
Carrols Restaurant Group Revenue Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $445.06M | - | - | $445.16M | $416.13M | - | - | $399.48M | $420.53M | - | - | $389.99M | - | - | - | $351.52M | $401.07M | - | - | $290.79M | $271.59M | $239.85M |
| Avg Forecast | $499.30M | $504.70M | $513.50M | $470.20M | $485.81M | $489.85M | $494.51M | $452.19M | $465.62M | $469.05M | $475.23M | $423.59M | $443.39M | $439.75M | $433.89M | $402.29M | $415.78M | $418.08M | $426.02M | $368.09M | $421.53M | $403.93M | $363.62M | $360.94M | $397.59M | $400.92M | $366.94M | $292.40M | $611.10M | $197.92M |
| High Forecast | $499.30M | $504.70M | $513.50M | $470.20M | $485.81M | $489.85M | $494.51M | $454.40M | $465.62M | $469.05M | $475.23M | $423.59M | $443.39M | $439.75M | $433.89M | $402.29M | $415.78M | $418.08M | $426.02M | $368.09M | $421.53M | $403.93M | $363.62M | $360.94M | $397.59M | $400.92M | $366.94M | $292.40M | $733.32M | $237.50M |
| Low Forecast | $499.30M | $504.70M | $513.50M | $470.20M | $485.81M | $489.85M | $494.51M | $449.98M | $465.62M | $469.05M | $475.23M | $423.59M | $443.39M | $439.75M | $433.89M | $402.29M | $415.78M | $418.08M | $426.02M | $368.09M | $421.53M | $403.93M | $363.62M | $360.94M | $397.59M | $400.92M | $366.94M | $292.40M | $488.88M | $158.33M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 8 | 8 | 12 | 7 | 12 | 7 | 7 | 17 | 19 |
| Surprise % | - | - | - | - | - | - | - | - | 0.96% | - | - | 1.05% | 0.94% | - | - | 0.99% | 1.01% | - | - | 1.06% | - | - | - | 0.97% | 1.01% | - | - | 0.99% | 0.44% | 1.21% |
Carrols Restaurant Group's average Quarter revenue forecast for Mar 24 based on 1 analysts is $452.19M, with a low forecast of $449.98M, and a high forecast of $454.40M. TAST's average Quarter revenue forecast represents a 1.60% increase compared to the company's last Quarter revenue of $445.06M (Dec 23).
Carrols Restaurant Group EBITDA Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 8 | 8 | 12 | 7 | 12 | 7 | 7 | 17 | 19 |
| EBITDA | - | - | - | - | - | - | - | - | $23.98M | - | - | $30.30M | $12.86M | - | - | $196.00K | $31.49M | - | - | $17.86M | - | - | - | $1.86M | $18.29M | - | - | $13.69M | $17.33M | $12.99M |
| Avg Forecast | $26.39M | $26.68M | $27.14M | $24.85M | $25.68M | $25.89M | $26.14M | $30.66M | $24.61M | $24.79M | $25.12M | $27.87M | $14.89M | $23.24M | $22.93M | $25.34M | $21.98M | $22.10M | $22.52M | $23.03M | $22.28M | $21.35M | $19.22M | $-928.91K | $21.02M | $21.19M | $19.40M | $5.70M | $23.77M | $9.26M |
| High Forecast | $26.39M | $26.68M | $27.14M | $24.85M | $25.68M | $25.89M | $26.14M | $36.79M | $24.61M | $24.79M | $25.12M | $33.45M | $17.87M | $23.24M | $22.93M | $30.41M | $21.98M | $22.10M | $22.52M | $27.64M | $22.28M | $21.35M | $19.22M | $-743.13K | $21.02M | $21.19M | $19.40M | $6.84M | $28.52M | $11.11M |
| Low Forecast | $26.39M | $26.68M | $27.14M | $24.85M | $25.68M | $25.89M | $26.14M | $24.53M | $24.61M | $24.79M | $25.12M | $22.30M | $11.91M | $23.24M | $22.93M | $20.27M | $21.98M | $22.10M | $22.52M | $18.43M | $22.28M | $21.35M | $19.22M | $-1.11M | $21.02M | $21.19M | $19.40M | $4.56M | $19.01M | $7.41M |
| Surprise % | - | - | - | - | - | - | - | - | 0.97% | - | - | 1.09% | 0.86% | - | - | 0.01% | 1.43% | - | - | 0.78% | - | - | - | -2.01% | 0.87% | - | - | 2.40% | 0.73% | 1.40% |
1 analysts predict TAST's average Quarter EBITDA for Mar 24 to be $30.66M, with a high of $36.79M and a low of $24.53M. This is 27.87% upper than Carrols Restaurant Group's previous annual EBITDA (Dec 23) of $23.98M.
Carrols Restaurant Group Net Income Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 8 | 8 | 12 | 7 | 12 | 7 | 7 | 17 | 19 |
| Net Income | - | - | - | - | - | - | - | - | $-19.13M | - | - | $864.00K | $-16.40M | - | - | $-21.27M | $-18.63M | - | - | $-7.17M | - | - | - | $-22.21M | $-9.91M | - | - | $-11.47M | $-3.10M | $-5.60M |
| Avg Forecast | $8.35M | $13.49M | $16.06M | $5.14M | $8.35M | $12.20M | $16.70M | $-12.55M | $2.89M | $3.43M | $3.05M | $-11.41M | $-25.26M | $-12.84M | $-8.03M | $-10.37M | $-15.89M | $-9.95M | $5.65M | $-9.43M | $1.06M | $6.92M | $-385.33K | $-20.31M | $-3.25M | $5.21M | $7.67M | $-6.46M | $-4.34M | $-4.41M |
| High Forecast | $8.35M | $13.49M | $16.06M | $5.14M | $8.35M | $12.20M | $16.70M | $-10.04M | $2.89M | $3.48M | $3.05M | $-9.13M | $-20.20M | $-12.84M | $-8.03M | $-8.30M | $-15.89M | $-9.95M | $5.65M | $-7.55M | $1.06M | $6.92M | $-385.33K | $-16.24M | $-3.25M | $5.21M | $7.67M | $-5.17M | $-3.47M | $-3.53M |
| Low Forecast | $8.35M | $13.49M | $16.06M | $5.14M | $8.35M | $12.20M | $16.70M | $-15.06M | $2.89M | $3.39M | $3.05M | $-13.69M | $-30.31M | $-12.84M | $-8.03M | $-12.45M | $-15.89M | $-9.95M | $5.65M | $-11.32M | $1.06M | $6.92M | $-385.33K | $-24.37M | $-3.25M | $5.21M | $7.67M | $-7.75M | $-5.21M | $-5.29M |
| Surprise % | - | - | - | - | - | - | - | - | -6.62% | - | - | -0.08% | 0.65% | - | - | 2.05% | 1.17% | - | - | 0.76% | - | - | - | 1.09% | 3.04% | - | - | 1.77% | 0.71% | 1.27% |
Carrols Restaurant Group's average Quarter net income forecast for Jul 23 is $3.05M, with a range of $3.05M to $3.05M. TAST's average Quarter net income forecast represents a 253.07% increase compared to the company's last Quarter net income of $864.00K (Mar 23).
Carrols Restaurant Group SG&A Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 8 | 8 | 12 | 7 | 12 | 7 | 7 | 17 | 19 |
| SG&A | - | - | - | - | - | - | - | - | $72.59M | - | - | $75.47M | $70.10M | - | - | $68.99M | $70.17M | - | - | $67.05M | - | - | - | $64.12M | $68.35M | - | - | $50.86M | $47.27M | $42.36M |
| Avg Forecast | $76.54M | $77.37M | $78.71M | $72.08M | $74.47M | $75.09M | $75.80M | $117.43M | $71.37M | $71.90M | $72.85M | $106.75M | $107.95M | $67.41M | $66.51M | $97.05M | $63.74M | $64.09M | $65.31M | $88.23M | $64.62M | $61.92M | $55.74M | $58.62M | $60.95M | $61.46M | $56.25M | $28.65M | $66.18M | $33.37M |
| High Forecast | $76.54M | $77.37M | $78.71M | $72.08M | $74.47M | $75.09M | $75.80M | $140.92M | $71.37M | $71.90M | $72.85M | $128.10M | $129.54M | $67.41M | $66.51M | $116.46M | $63.74M | $64.09M | $65.31M | $105.87M | $64.62M | $61.92M | $55.74M | $70.35M | $60.95M | $61.46M | $56.25M | $34.38M | $79.41M | $40.05M |
| Low Forecast | $76.54M | $77.37M | $78.71M | $72.08M | $74.47M | $75.09M | $75.80M | $93.94M | $71.37M | $71.90M | $72.85M | $85.40M | $86.36M | $67.41M | $66.51M | $77.64M | $63.74M | $64.09M | $65.31M | $70.58M | $64.62M | $61.92M | $55.74M | $46.90M | $60.95M | $61.46M | $56.25M | $22.92M | $52.94M | $26.70M |
| Surprise % | - | - | - | - | - | - | - | - | 1.02% | - | - | 0.71% | 0.65% | - | - | 0.71% | 1.10% | - | - | 0.76% | - | - | - | 1.09% | 1.12% | - | - | 1.77% | 0.71% | 1.27% |
Carrols Restaurant Group's average Quarter SG&A projection for Mar 24 is $117.43M, based on 1 Wall Street analysts, with a range of $93.94M to $140.92M. The forecast indicates a 61.76% rise compared to TAST last annual SG&A of $72.59M (Dec 23).
Carrols Restaurant Group EPS Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | Jul 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | 8 | 8 | 12 | 7 | 12 | 7 | 7 | 17 | 19 |
| EPS | - | - | - | - | - | - | - | - | $-0.38 | - | - | $0.01 | $-0.33 | - | - | $-0.42 | $-0.37 | - | - | $-0.14 | - | - | - | $-0.44 | $-0.20 | - | - | $-0.32 | $-0.09 | $-0.16 |
| Avg Forecast | $0.13 | $0.21 | $0.25 | $0.08 | $0.13 | $0.19 | $0.26 | $0.11 | $0.04 | $0.05 | $0.05 | $-0.25 | $-0.20 | $-0.20 | $-0.13 | $-0.35 | $-0.25 | $-0.15 | $0.09 | $-0.22 | $0.02 | $0.11 | $-0.01 | $-0.40 | $-0.05 | $0.08 | $0.12 | $-0.16 | $-0.25 | $-0.05 |
| High Forecast | $0.13 | $0.21 | $0.25 | $0.08 | $0.13 | $0.19 | $0.26 | $0.11 | $0.04 | $0.05 | $0.05 | $-0.25 | $-0.20 | $-0.20 | $-0.13 | $-0.35 | $-0.25 | $-0.15 | $0.09 | $-0.22 | $0.02 | $0.11 | $-0.01 | $-0.40 | $-0.05 | $0.08 | $0.12 | $-0.16 | $-0.20 | $-0.04 |
| Low Forecast | $0.13 | $0.21 | $0.25 | $0.08 | $0.13 | $0.19 | $0.26 | $0.11 | $0.04 | $0.05 | $0.05 | $-0.25 | $-0.20 | $-0.20 | $-0.13 | $-0.35 | $-0.25 | $-0.15 | $0.09 | $-0.22 | $0.02 | $0.11 | $-0.01 | $-0.40 | $-0.05 | $0.08 | $0.12 | $-0.16 | $-0.30 | $-0.06 |
| Surprise % | - | - | - | - | - | - | - | - | -8.44% | - | - | -0.04% | 1.66% | - | - | 1.19% | 1.49% | - | - | 0.63% | - | - | - | 1.10% | 3.95% | - | - | 1.97% | 0.35% | 3.20% |
According to 1 Wall Street analysts, Carrols Restaurant Group's projected average Quarter EPS for Jul 23 is $0.05, with a low estimate of $0.05 and a high estimate of $0.05. This represents a 375.00% increase compared to TAST previous annual EPS of $0.01 (Mar 23).
Carrols Restaurant Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NDLS | Noodles & Company | $0.69 | $6.00 | 769.57% | Hold |
| STKS | ONE Group Hospitality | $3.03 | $8.50 | 180.53% | Buy |
| BLMN | Bloomin' Brands | $12.56 | $23.57 | 87.66% | Hold |
| DIN | Dine Brands Global | $32.24 | $55.50 | 72.15% | Buy |
| PZZA | Papa John's | $47.15 | $75.00 | 59.07% | Buy |
| BJRI | BJ's Restaurants | $34.19 | $39.60 | 15.82% | Buy |
| DRI | Darden Restaurants | $160.85 | $178.34 | 10.87% | Buy |
| DPZ | Domino's Pizza | $439.80 | $484.20 | 10.10% | Buy |
| CHUY | Chuy's | $37.48 | $39.25 | 4.72% | Hold |
| LOCO | El Pollo Loco | $12.07 | $12.00 | -0.58% | - |
| CMG | Chipotle Mexican Grill | $58.73 | $56.59 | -3.64% | Buy |
| SHAK | Shake Shack | $119.09 | $109.19 | -8.31% | Hold |
| EAT | Brinker | $122.13 | $69.10 | -43.42% | Hold |
| TAST | Carrols Restaurant Group | $9.54 | $3.50 | -63.31% | Buy |