TAST -.74 to 6.25, evidently traders think Q2 adj EPS of $0.27 was a one quarter wonder, but who knows ? I joined you with a few shares and have lower GTC bids placed.
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Truist analyst Jake Bartlett raised the firm's price target on Carrols Restaurant to $9 from $7 and keeps a Buy rating on the shares after its Q2 earnings beat. The company should be a beneficiary of a successful U.S. Burger King turnaround which focuses on driving sales and franchise margins concurrently, the analyst tells investors in a research note. Carrols Restaurant's leverage ratio has fallen below its prior target, and the firm sees the possibility of resuming franchise store acquisitions which could drive multiple expansion, Truist added.
Stephens analyst Joshua Long raised the firm's price target on Carrols Restaurant to $10 from $6 and keeps an Overweight rating on the shares following the company's report of better-than-expected Q2 results. Carrols offers investors "a compelling vehicle for gaining exposure to improving performance of the Burger King brand," the analyst argues.