Carrols Restaurant Group, Inc., through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King franchisee. As of January 3, 2021, it operated 1,009 Burger King restaurants located in 23 Northeastern, Midwestern, Southcentral, and Southeastern states; and 65 Popeyes restaurants in seven Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.
IPO Year: 2006
Exchange: NASDAQ
Website: carrols.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/7/2023 | $2.50 → $4.00 | Hold → Buy | Craig Hallum |
| 9/23/2022 | $4.00 | Overweight | Stephens |
| 1/5/2022 | $6.00 → $3.00 | Overweight → Equal-Weight | Stephens & Co. |
| 10/27/2021 | $7.00 → $5.00 | Buy → Hold | Craig-Hallum |
| 10/27/2021 | Buy → Hold | Craig Hallum | |
| 10/26/2021 | Outperform → Mkt Perform | Raymond James | |
| 10/14/2021 | $6.00 → $5.00 | Outperform | Raymond James |
| 8/13/2021 | $7.50 → $6.00 | Outperform | Raymond James |
EFFECT - CARROLS RESTAURANT GROUP, INC. (0000809248) (Filer)
EFFECT - CARROLS RESTAURANT GROUP, INC. (0000809248) (Filer)
8-K - CARROLS RESTAURANT GROUP, INC. (0000809248) (Filer)
8-K - CARROLS RESTAURANT GROUP, INC. (0000809248) (Filer)
10-Q - CARROLS RESTAURANT GROUP, INC. (0000809248) (Filer)
8-K - CARROLS RESTAURANT GROUP, INC. (0000809248) (Filer)
SC 13E3/A - CARROLS RESTAURANT GROUP, INC. (0000809248) (Subject)
DEFM14A - CARROLS RESTAURANT GROUP, INC. (0000809248) (Filer)
SC 13E3/A - CARROLS RESTAURANT GROUP, INC. (0000809248) (Subject)
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TORONTO, May 16, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX:QSR) (NYSE:QSR) (TSX:QSP) announced today that it has completed its previously announced acquisition of all issued and outstanding shares of Carrols Restaurant Group, Inc. ("Carrols") (NASDAQ:TAST) that are not already held by RBI or its affiliates for $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion. With the close of the acquisition, RBI adds the largest Burger King® ("BK") franchisee in the United States to its portfolio as p
MONSEY, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation into the fairness of the price of $9.55 per share in cash for which Carrols Restaurant Group, Inc. (NASDAQ:TAST) ("Carrols") has agreed to be sold to Restaurant Brands International Inc. ("RBI"), the parent company of Burger King. Carrols is the largest Burger King franchisee in the United States. Affiliates of RBI and Burger King own 100% of Carrols Series D Convertible Preferred Stock, which is presently convertible into 9,414,580 shares of Carrols common stock, or 14.6% of Carrols outstanding common shares as of March 1, 2024. These affiliates have special rights, as detai
Burger King to remodel acquired restaurants over the next 5 years, accelerating Burger King's path to modern image Over time, Burger King to refranchise large majority of newly remodeled restaurants to smaller franchisee groups TORONTO, Jan. 16, 2024 /PRNewswire/ -- Restaurant Brands International Inc. ("RBI" or the "Company") (TSX:QSR) (NYSE:QSR) (TSX:QSP) and Carrols Restaurant Group, Inc. ("Carrols") (NASDAQ:TAST) today announced that they have reached an agreement for RBI to acquire all of Carrols issued and outstanding shares that are not already held by RBI or its affiliates for $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 bi
SYRACUSE, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST), the largest BURGER KING® franchisee in the United States, today reported its preliminary sales results for the fourth quarter and full year 2023. Preliminary sales results for the Fourth Quarter of 2023 versus the Fourth Quarter of 2022 include: Total restaurant sales increased 5.7% to $470.4 million compared to $445.1 million in the fourth quarter of 2022;Comparable restaurant sales for the Company's Burger King® restaurants increased 7.2%; andComparable restaurant sales for the Company's Popeyes® restaurants increased 7.6%. Preliminary sales results for th
Comparable restaurant sales growth of 8.2%, including positive traffic growth at our Burger King restaurants Top-line strength helped deliver another quarter of improved profitability Board declares regular quarterly dividend SYRACUSE, N.Y., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the third quarter ended October 1, 2023. Highlights for the Third Quarter of 2023 versus the Third Quarter of 2022 include: Total restaurant sales increased 7.2% to $475.8 million in the third quarter of 2023, compared to $
SYRACUSE, N.Y., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST), the largest BURGER KING® franchisee in the United States, today announced that it will host a conference call to discuss the Company's third quarter 2023 financial results on Thursday, November 9, 2023 at 8:30 a.m. (ET). A press release reporting the Company's financial results for the third quarter 2023 will be issued at 7:00 a.m. (ET) that same day. Participating in the conference call from Carrols will be Deborah M. Derby, the Company's President and Chief Executive Officer, and Anthony E. Hull, the Company's Chief Financial Officer. The conference call can be ac
Record quarterly revenue of $485.2 million, including comparable restaurant sales growth of 10.5% Top-line strength helped deliver another quarter of improved profitability SYRACUSE, N.Y., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the second quarter ended July 2, 2023. Highlights for the Second Quarter of 2023 versus the Second Quarter of 2022 include: Total restaurant sales increased 9.8% to $485.2 million in the second quarter of 2023 compared to $441.9 million in t
SYRACUSE, N.Y., July 20, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST), the largest BURGER KING® franchisee in the United States, today announced that it will host a conference call to discuss the Company's second quarter 2023 financial results on Thursday, August 10, 2023 at 8:30 a.m. (ET). A press release reporting the Company's financial results for the second quarter 2023 will be issued at 7:00 a.m. (ET) that same day. Participating in the conference call from Carrols will be Deborah M. Derby, the Company's President and Chief Executive Officer and Anthony E. Hull, the Company's Chief Financial Officer. The conference call can be ac
SYRACUSE, N.Y., May 11, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the first quarter ended April 2, 2023. Highlights for the First Quarter of 2023 versus the First Quarter of 2022 include: Total restaurant sales increased 11.4% to $445.2 million in the first quarter of 2023 compared to $399.5 million in the first quarter of 2022;Comparable restaurant sales for the Company's Burger King® restaurants increased 11.7%;Comparable restaurant sales for the Company's Popeyes® restaurants increased 9.5%;Adjusted EBITDA(1) totaled $30.7 million
SYRACUSE, N.Y., April 20, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST), the largest BURGER KING® franchisee in the United States, today announced that it will host a conference call to discuss the Company's first quarter 2023 financial results on Thursday, May 11, 2023 at 8:30 a.m. (ET). A press release reporting the Company's financial results for the first quarter 2023 will be issued at 7:00 a.m. (ET) that same day. Participating in the conference call from Carrols will be Deborah M. Derby, the Company's new President and Chief Executive Officer effective May 1, 2023, Anthony E. Hull, the Company's Chief Financial Officer, and Gretta