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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $445.06M | - | - | $445.16M | $416.13M | - | - | $399.48M | $420.53M | $421.70M | $424.54M | $389.99M | - | $407.04M | $368.42M | $351.52M | $401.07M | $402.35M | $368.56M | $290.79M | $307.75M | $296.92M |
| 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 | $615.51M | $296.92M |
| High 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 | $738.61M | $356.30M |
| Low 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 | $492.41M | $237.53M |
| # Analysts | - | - | - | - | - | - | 1 | - | 1 | - | - | - | - | - | - | - | 1 | 1 | 1 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | 0.96% | - | - | 1.05% | 0.94% | - | - | 0.99% | 1.01% | 1.01% | 1.00% | 1.06% | - | 1.01% | 1.01% | 0.97% | 1.01% | 1.00% | 1.00% | 0.99% | 0.50% | 1.00% |
Carrols Restaurant Group's average Quarter revenue forecast for Mar 24 based on 0 analysts is $452.19M, with a low forecast of $452.19M, and a high forecast of $452.19M. 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | 1 | - | - | - | - | - | - | - | 1 | 1 | 1 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | $23.98M | - | - | $30.30M | $12.86M | - | - | $196.00K | $31.49M | $17.24M | $26.45M | $17.86M | - | $30.65M | $37.54M | $1.86M | $18.29M | $20.59M | $19.59M | $13.69M | $21.53M | $25.23M |
| 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 | $23.44M | $19.16M | $22.93M | $25.34M | $13.54M | $17.42M | $53.70M | $23.03M | $413.48M | $35.27M | $19.22M | $-928.91K | $7.26M | $52.42M | $15.50M | $5.70M | $30.01M | $24.22M |
| 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 | $23.44M | $23.00M | $22.93M | $30.41M | $16.24M | $20.91M | $64.44M | $27.64M | $496.18M | $42.33M | $19.22M | $-743.13K | $8.71M | $62.91M | $18.60M | $6.84M | $36.02M | $29.07M |
| 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 | $23.44M | $15.33M | $22.93M | $20.27M | $10.83M | $13.94M | $42.96M | $18.43M | $330.79M | $28.22M | $19.22M | $-1.11M | $5.81M | $41.94M | $12.40M | $4.56M | $24.01M | $19.38M |
| Surprise % | - | - | - | - | - | - | - | - | 0.97% | - | - | 1.09% | 0.55% | - | - | 0.01% | 2.33% | 0.99% | 0.49% | 0.78% | - | 0.87% | 1.95% | -2.01% | 2.52% | 0.39% | 1.26% | 2.40% | 0.72% | 1.04% |
0 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | 1 | - | - | - | - | - | - | - | 1 | 1 | 1 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 10 |
| Net Income | - | - | - | - | - | - | - | - | $-19.13M | - | - | $864.00K | $-16.40M | - | - | $-21.27M | $-18.63M | $-9.90M | $-9.56M | $-7.17M | - | $3.53M | $7.84M | $-22.21M | $-9.91M | $-6.81M | $-3.73M | $-11.47M | $1.81M | $3.61M |
| 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 | $-12.75M | $-11.53M | $-8.03M | $-10.37M | $-22.96M | $-10.48M | $-28.88M | $-9.43M | $-343.67M | $4.17M | $127.04M | $-20.31M | $-4.36M | $-17.78M | $-4.91M | $-6.46M | $2.44M | $3.61M |
| High Forecast | $8.35M | $13.49M | $16.06M | $5.14M | $8.35M | $12.20M | $16.70M | $-10.04M | $2.89M | $3.43M | $3.05M | $-9.13M | $-12.75M | $-9.23M | $-8.03M | $-8.30M | $-18.37M | $-8.39M | $-23.11M | $-7.55M | $-274.93M | $5.01M | $152.45M | $-16.24M | $-3.49M | $-14.22M | $-3.93M | $-5.17M | $2.93M | $4.33M |
| Low Forecast | $8.35M | $13.49M | $16.06M | $5.14M | $8.35M | $12.20M | $16.70M | $-15.06M | $2.89M | $3.43M | $3.05M | $-13.69M | $-12.75M | $-13.84M | $-8.03M | $-12.45M | $-27.55M | $-12.58M | $-34.66M | $-11.32M | $-412.40M | $3.34M | $101.63M | $-24.37M | $-5.23M | $-21.34M | $-5.89M | $-7.75M | $1.95M | $2.89M |
| Surprise % | - | - | - | - | - | - | - | - | -6.62% | - | - | -0.08% | 1.29% | - | - | 2.05% | 0.81% | 0.94% | 0.33% | 0.76% | - | 0.85% | 0.06% | 1.09% | 2.27% | 0.38% | 0.76% | 1.77% | 0.74% | 1.00% |
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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | 1 | - | - | - | - | - | - | - | 1 | 1 | 1 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 10 |
| SG&A | - | - | - | - | - | - | - | - | $72.59M | - | - | $75.47M | $70.10M | - | - | $68.99M | $70.17M | $66.38M | $68.23M | $67.05M | - | $66.97M | $61.98M | $64.12M | $68.35M | $66.72M | $61.99M | $50.86M | $51.76M | $49.14M |
| 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 | $67.97M | $77.31M | $66.51M | $97.05M | $98.13M | $70.28M | $206.15M | $88.23M | $64.62M | $43.05M | $55.74M | $58.62M | $30.08M | $174.13M | $81.54M | $28.65M | $69.88M | $49.14M |
| 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 | $67.97M | $92.77M | $66.51M | $116.46M | $117.76M | $84.34M | $247.38M | $105.87M | $64.62M | $51.66M | $55.74M | $70.35M | $36.09M | $208.96M | $97.84M | $34.38M | $83.85M | $58.97M |
| 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 | $67.97M | $61.85M | $66.51M | $77.64M | $78.51M | $56.23M | $164.92M | $70.58M | $64.62M | $34.44M | $55.74M | $46.90M | $24.06M | $139.31M | $65.23M | $22.92M | $55.90M | $39.31M |
| Surprise % | - | - | - | - | - | - | - | - | 1.02% | - | - | 0.71% | 1.03% | - | - | 0.71% | 0.72% | 0.94% | 0.33% | 0.76% | - | 1.56% | 1.11% | 1.09% | 2.27% | 0.38% | 0.76% | 1.77% | 0.74% | 1.00% |
Carrols Restaurant Group's average Quarter SG&A projection for Mar 24 is $117.43M, based on 0 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 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | 1 | - | - | - | - | - | - | - | 1 | 1 | 1 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 10 |
| EPS | - | - | - | - | - | - | - | - | $-0.38 | - | - | $0.01 | $-0.33 | - | - | $-0.42 | $-0.37 | $-0.20 | $-0.19 | $-0.14 | - | $0.06 | $0.13 | $-0.44 | $-0.20 | $-0.15 | $-0.09 | $-0.32 | $0.04 | $0.08 |
| 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 | $0.14 | $0.09 |
| 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 | $0.16 | $0.11 |
| 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 | $0.11 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | -8.44% | - | - | -0.04% | 1.66% | - | - | 1.19% | 1.49% | 1.29% | -2.16% | 0.63% | - | 0.56% | -21.67% | 1.10% | 3.95% | -1.85% | -0.76% | 1.97% | 0.29% | 0.89% |
According to 0 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 | $1.28 | $6.00 | 368.75% | Hold |
| STKS | ONE Group Hospitality | $3.46 | $8.50 | 145.66% | Buy |
| DIN | Dine Brands Global | $30.01 | $62.63 | 108.70% | Buy |
| PZZA | Papa John's | $52.56 | $82.89 | 57.71% | Buy |
| BLMN | Bloomin' Brands | $17.54 | $25.50 | 45.38% | Hold |
| BJRI | BJ's Restaurants | $32.25 | $39.60 | 22.79% | Buy |
| DPZ | Domino's Pizza | $412.44 | $492.75 | 19.47% | Buy |
| CHUY | Chuy's | $37.36 | $39.25 | 5.06% | Hold |
| SHAK | Shake Shack | $102.49 | $101.71 | -0.76% | Hold |
| DRI | Darden Restaurants | $161.53 | $159.46 | -1.28% | Buy |
| CMG | Chipotle Mexican Grill | $58.50 | $55.52 | -5.09% | Buy |
| LOCO | El Pollo Loco | $13.68 | $12.00 | -12.28% | - |
| EAT | Brinker | $75.19 | $55.30 | -26.45% | Hold |
| TAST | Carrols Restaurant Group | $9.54 | $3.50 | -63.31% | Buy |
TAST Forecast FAQ
Is Carrols Restaurant Group a good buy?
Yes, according to 8 Wall Street analysts, Carrols Restaurant Group (TAST) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 50.00% of TAST's total ratings.
What is TAST's price target?
Carrols Restaurant Group (TAST) average price target is $3.5 with a range of $3 to $4, implying a -63.31% from its last price of $9.54. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Carrols Restaurant Group stock go up soon?
According to Wall Street analysts' prediction for TAST stock, the company can go down by -63.31% (from the last price of $9.54 to the average price target of $3.5), down by -58.07% based on the highest stock price target, and down by -68.55% based on the lowest stock price target.
Can Carrols Restaurant Group stock reach $14?
TAST's average twelve months analyst stock price target of $3.5 does not support the claim that Carrols Restaurant Group can reach $14 in the near future.
What are Carrols Restaurant Group's analysts' financial forecasts?
Carrols Restaurant Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $1.92B (high $1.92B, low $1.92B), average EBITDA is $108.37M (high $114.5M, low $102.24M), average net income is $24.7M (high $27.21M, low $22.18M), average SG&A $342.79M (high $366.28M, low $319.31M), and average EPS is $0.69 (high $0.69, low $0.69). TAST's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.99B (high $1.99B, low $1.99B), average EBITDA is $105.06M (high $105.06M, low $105.06M), average net income is $43.03M (high $43.03M, low $43.03M), average SG&A $304.7M (high $304.7M, low $304.7M), and average EPS is $0.67 (high $0.67, low $0.67).
Did the TAST's actual financial results beat the analysts' financial forecasts?
Based on Carrols Restaurant Group's last annual report (Dec 2023), the company's revenue was $1.73B, which missed the average analysts forecast of $1.83B by -5.62%. Apple's EBITDA was $54.42M, missing the average prediction of $102.39M by -46.85%. The company's net income was $-75.572M, beating the average estimation of $-2.037M by 3609.20%. Apple's SG&A was $282.94M, missing the average forecast of $322.88M by -12.37%. Lastly, the company's EPS was $-1.51, beating the average prediction of $-0.107 by 1305.63%. In terms of the last quarterly report (Dec 2023), Carrols Restaurant Group's revenue was $445.06M, missing the average analysts' forecast of $465.62M by -4.42%. The company's EBITDA was $23.98M, missing the average prediction of $24.61M by -2.58%. Carrols Restaurant Group's net income was $-19.13M, missing the average estimation of $2.89M by -761.94%. The company's SG&A was $72.59M, beating the average forecast of $71.37M by 1.71%. Lastly, the company's EPS was $-0.38, missing the average prediction of $0.045 by -944.44%