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 |
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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
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Craig Hallum upgraded Carrols Restaurant Group from Hold to Buy and set a new price target of $4.00 from $2.50 previously
Stephens initiated coverage of Carrols Restaurant Group with a rating of Overweight and set a new price target of $4.00
Stephens & Co. downgraded Carrols Restaurant Group from Overweight to Equal-Weight and set a new price target of $3.00 from $6.00 previously
Craig-Hallum downgraded Carrols Restaurant Group from Buy to Hold and set a new price target of $5.00 from $7.00 previously
Craig Hallum downgraded Carrol's Restaurant Group from Buy to Hold
Raymond James downgraded Carrol's Restaurant Group from Outperform to Mkt Perform
Raymond James reiterated coverage of Carrols Restaurant Group with a rating of Outperform and set a new price target of $5.00 from $6.00 previously
Raymond James reiterated coverage of Carrols Restaurant Group with a rating of Outperform and set a new price target of $6.00 from $7.50 previously
Raymond James reiterated coverage of Carrols Restaurant Group with a rating of Outperform and set a new price target of $7.50 from $8.00 previously
Stephens reiterated coverage of Carrols Restaurant Group with a rating of Overweight and set a new price target of $7.00 from $7.50 previously
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
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
SYRACUSE, N.Y., Feb. 28, 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 fourth quarter and full year ended January 1, 2023. Highlights for the Fourth Quarter of 2022 versus the Fourth Quarter of 2021 include: Total restaurant sales increased 7.0% to $445.1 million in the fourth quarter of 2022 compared to $416.1 million in the fourth quarter of 2021;Comparable restaurant sales for the Company's Burger King® restaurants increased 6.2%;Comparable restaurant sales for the Company's Popeyes® restaurants increased 9.2%;Adjusted EBITDA(1) t
SYRACUSE, N.Y., Feb. 14, 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 Anthony E. Hull, Interim President and CEO, and Gretta Miles, Controller and Assistant Treasurer, will host a conference call to discuss the Company's fourth quarter and full year 2022 financial results on Tuesday, February 28, 2023 at 8:30 a.m. (ET). A press release reporting the Company's financial results for the quarter and full year 2022 will be issued at 7:00 a.m. (ET) that same day. The conference call can be accessed live over the telephone by dialing 201-493-6779. A replay will b
SYRACUSE, N.Y., Nov. 09, 2022 (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 2, 2022. Highlights for the Third Quarter of 2022 versus the Third Quarter of 2021 include: Total restaurant sales increased 5.3% to $444.0 million compared to $421.7 million in the third quarter of 2021;Comparable restaurant sales for the Company's Burger King® restaurants increased 4.9%;Comparable restaurant sales for the Company's Popeyes® restaurants increased 6.5%;Adjusted EBITDA(1) totaled $17.7 million compared to $18.6 million i
SYRACUSE, N.Y., April 13, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST) announced today that its Board of Directors has appointed Deborah M. Derby as the Company's new President and Chief Executive Officer, effective May 1, 2023. Ms. Derby will succeed Paulo A. Pena, the Company's former President and CEO who passed away unexpectedly on December 31, 2022, and Anthony Hull, the Company's Interim President and Chief Executive Officer, who will continue to serve as the Company's Vice President, Chief Financial Officer and Treasurer. Ms. Derby, who has served as an independent member of the Company's Board of Directors since June 2018, will
Anthony E. Hull Appointed Interim President and CEO Joseph Hoffman Appointed Chief Restaurant Officer SYRACUSE, N.Y., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST) today announced the passing of Paulo A. Pena who died unexpectedly in the hospital on Saturday, December 31, 2022. Mr. Pena, who had served as the Company's President and Chief Executive Officer since April 1, 2022, was 50 years old. David Harris, the Chairman of the Board of Directors of Carrols, said, "We are deeply saddened by the untimely passing of our friend and colleague Paulo Pena. While his time at Carrols was relatively short, his impact on the Comp
SYRACUSE, N.Y., June 22, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST) announced today the appointment of Ahmad Filsoof as Vice President of Strategic Initiatives, a new position, to further the Company's strategic capabilities and commitment to business innovation. Mr. Filsoof comes to Carrols with over 15 years of experience in strategy development and planning, business and consumer insights, performance management, consulting, and technology. Prior to joining Carrols, Mr. Filsoof was Head of Sales Strategy, Operations, Enablement, and Planning at Amazon Web Services from May 2020 to January 2022, where he led business strategy and p
SYRACUSE, N.Y., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST) announced today that its Board of Directors has named Paulo Pena as the Company's new Chief Executive Officer and President, effective April 1, 2022. Mr. Pena succeeds Daniel T. Accordino, 71, who, as previously announced, will retire at that time from his role as Chairman, Chief Executive Officer and President after a 50-year career with the Company. Mr. Accordino will remain available to assist Mr. Pena in an advisory capacity to ensure a successful transition of leadership. David S. Harris, a member of the Carrols Board since 2012 and its Lead Independent Director,
SYRACUSE, N.Y., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (NASDAQ:TAST) announced today that Daniel T. Accordino, the Company's Chairman, Chief Executive Officer and President, will be retiring as CEO and President by June 30, 2022. He will also be stepping down as Chairman and as a member of the Board of Directors at or prior to the effective time of his retirement. The Carrols Board is conducting a comprehensive search to identify a new CEO and is engaging a leading executive search firm to assist in the process. Mr. Accordino, 71, has been the Chief Executive Officer of the Company since January 1, 2012 and Chairman of the Board sinc
PALM BEACH, Fla., July 15, 2021 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ:BFI, BFIIW))) ("BurgerFi" or the "Company"), one of the nation's fastest-growing premium fast-casual concepts, has appointed Vivian Lopez-Blanco to its board of directors, effective July 14, 2021. Lopez-Blanco's appointment follows the sudden passing of board member Steven Berrard announced on June 10, 2021. Lopez-Blanco has also been named as the chair of the audit committee and will be serving on the compensation committee and nominating governance committee. Lopez-Blanco is an experienced board member and seasoned finance executive with expertise in organizational transformations and driving prof
SYRACUSE, N.Y., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced that it has appointed Jared L. Landaw as the Company’s Vice President and General Counsel, effective February 8, 2021. Daniel T. Accordino, Chairman and Chief Executive Officer of Carrols, commented, “We are excited to welcome Jared to Carrols and are confident that he will be a valuable contributor to the executive team. His expertise in providing legal oversight and guidance will be indispensable to us as we build on the existing foundation of excellence provided by our legal team and move our organization forward.” Jared L. Landaw, Vice Presi
SYRACUSE, N.Y., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced that it has appointed Carl Hauch as the Company’s Chief Operating Officer, effective February 15, 2021. Daniel T. Accordino, Chairman and Chief Executive Officer of Carrols, commented, “Carl is a terrific addition to the Carrols team, and I am thrilled to have him on board to oversee our almost 1,100 Burger King and Popeyes restaurants in 23 states. He has a depth of experience managing large-scale restaurant and retail operations, as well as a proven reputation for growing businesses and managing costs. I believe his skills will be especially valu