|Bid||8.85 x 1000|
|Ask||9.53 x 800|
|Day's Range||8.75 - 8.89|
|52 Week Range||8.16 - 16.40|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.40|
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Ciena, Carrols, Children's Place, Stitch Fix and Foot Locker as Zacks Bull and Bear of the Day
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Carrols Restaurant Group, Inc. New York, June 14, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Carrols Restaurant Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (TAST) announced that on June 11, 2019 it completed the acquisition of 13 BURGER KING® restaurants in the Baltimore, Maryland market. Daniel T. Accordino, the Company's Chief Executive Officer, said, “We are pleased to complete this transaction which adds to our existing presence in the attractive mid-Atlantic region. It is the largest BURGER KING® franchisee in the United States operating 1,023 BURGER KING® restaurants and also operates 55 POPEYES® restaurants.
Dan Accordino has been the CEO of Carrols Restaurant Group, Inc. (NASDAQ:TAST) since 2012. This analysis aims first to...
Investment company Continental Grain Co buys Carrols Restaurant Group Inc, sells Northeast Bank during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Continental ...
The Burger King franchiser has had a tough quarter and completed a big acquisition. Does the punishment fit the crime?
Carrols Restaurant Group Inc. shares plummeted 13.6% in Wednesday trading after the fast-food franchisee reported first-quarter earnings miss expectations and gave weak guidance. Carrols reported a net loss of $11.5 million, or 32 cents per share, after a loss of $3.1 million, or 9 cents per share, last year. The adjusted loss was 29 cents per share, wider than the 16-cents-per-share loss FactSet guided for. Sales of $290.8 million were higher than $271.6 million last year but below the FactSet consensus for $292.0 million. Carrols says it is the largest Burger King franchisee in the U.S., operating 1,010 locations, and 55 Popeyes restaurants in 23 states. Burger King and Popeyes are part of the Restaurant Brands International Inc. portfolio. Same-restaurant sales rose 2.4% for the quarter, ahead of the 1.8% FactSet consensus. The company said it was hurt by promotional activity and labor cost pressure. The company has revised its guidance to include recent increases in meat prices, brought about by the African swine fever outbreak in China, and the company's acquisition of Cambridge Franchise Holdings, which includes 221 Burger King and Popeyes restaurants. Carrols now expects full-year restaurant sales of $1.25 billion to $1.28 billion, excluding Cambridge, and same-store sales growth of 2% to 3.5%. The FactSet consensus is for sales of $1.37 billion and same-store sales growth of 2.6%. Carrols stock has fallen 7.6% for the year to date while the S&P 500 index is up 15.4% for the period. Restaurant Brands shares are down nearly 1% in Wednesday trading, but have rallied 27.6% for 2019 to date.
Carrols Restaurant (TAST) delivered earnings and revenue surprises of -81.25% and -0.53%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Syracuse, New York-based company said it had a loss of 32 cents per share. Losses, adjusted for one-time gains and costs, were 29 cents per share. The results missed Wall Street expectations. The average ...
Restaurant industry gains from increase in consumer spending, restaurateurs' focus on digital innovation and rise in average check.
Carrols Restaurant (TAST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Carrols Restaurant Group, Inc. ("Carrols" or the “Company”) (TAST) announced that on April 30, 2019 it completed the acquisition of 165 Burger King® and 55 Popeyes® restaurants from Cambridge Franchise Holdings, LLC (“Cambridge”) in 10 Southern and Southeastern states. Carrols, which operates 1,010 Burger King® and 55 Popeyes® restaurants in 23 states following the acquisition, is the largest franchisee of Restaurant Brands International, Inc. (the franchisor of Burger King®, Popeyes® and Tim Hortons®). As previously announced, Carrols has also entered into an Area Development and Remodeling Agreement with Burger King Corporation (“BKC”) that pre-approves the Company for continued growth through both acquisitions and new restaurant development.
Carrols Restaurant Group, Inc. ("Carrols") (TAST), the largest BURGER KING® franchisee in the United States, today announced that Daniel T. Accordino, Chief Executive Officer, and Paul R. Flanders, Chief Financial Officer, will host a conference call to discuss first quarter 2019 financial results on Wednesday, May 8, 2019 at 8:30 AM ET. For more information on Carrols, please visit the company's website at www.carrols.com.
Moody's Investors Service ("Moody's") today assigned Carrols Holdco Inc. ("Carrols") a B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default rating, and SGL-2 Speculative Grade Liquidity Rating ("SGL"). Proceeds from the proposed $400 million senior secured term loan B, along with common and preferred equity totaling approximately $138.5 million, will be used to acquire 166 Burger Kings and 55 Popeyes Louisiana Kitchen ("Popeyes") restaurants through a merger with Cambridge Franchise Holdings, LLC ("Cambridge"), redeem Carrols Restaurant Group, Inc.'s existing $275 million 8% senior secured 2nd lien notes due 2022, as well as pay related premiums, fees and expenses. "The assigned B2 CFR reflects the company's solid earnings and credit metrics that will continue to strengthen as management focuses on driving sales, continues development and acquisitions, and manages costs," stated Adam McLaren, Moody's Analyst.
Carrols Restaurant Group Inc owns and operates restaurants under the Burger King brand in Northeastern, Midwestern and Southeastern states. Carrols Restaurant Group Inc had annual average EBITDA growth of 27.90% over the past five years. Warning! GuruFocus has detected 3 Warning Signs with TAST.