Last $7.56 USD
Change Today -0.07 / -0.92%
Volume 30.3K
TAST On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 3:00 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

carrols restaurant group inc (TAST) Snapshot

Open
$7.60
Previous Close
$7.63
Day High
$7.65
Day Low
$7.52
52 Week High
03/4/14 - $8.38
52 Week Low
02/5/14 - $5.63
Market Cap
266.3M
Average Volume 10 Days
129.2K
EPS TTM
$-0.47
Shares Outstanding
35.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARROLS RESTAURANT GROUP INC (TAST)

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carrols restaurant group inc (TAST) Details

Carrols Restaurant Group, Inc., through its subsidiaries, operates as a Burger King restaurants franchisee in the United States. As of March 30, 2014, it owned and operated 560 Burger King restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

17,500 Employees
Last Reported Date: 03/3/14
Founded in 1960

carrols restaurant group inc (TAST) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $975.5K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $536.3K
Vice President, General Counsel and Secretary
Total Annual Compensation: $286.8K
Vice President and Controller
Total Annual Compensation: $315.4K
Vice President of Real Estate
Total Annual Compensation: $282.2K
Compensation as of Fiscal Year 2013.

carrols restaurant group inc (TAST) Key Developments

Carrols Restaurant Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 28, 2014; Revised Earnings Guidance for the Year 2014

Carrols Restaurant Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 28, 2014. For the quarter, the company's restaurant sales were $179,822,000 compared to $168,312,000 a year ago. The growth in restaurant sales included $7.8 million in sales from the 29 BURGER KING(R) restaurants that were acquired in 2014 through the end of the third quarter along with a comparable restaurant sales increase of 3.3%. The comparable restaurant sales increase included a 2.7% increase at legacy restaurants and a 4.0% increase at the restaurants acquired from BKC in 2012. Income from operations was $330,000 compared to $209,000 a year ago. Loss before income taxes was $4,353,000 compared to $4,499,000 a year ago. Net loss was $1,721,000 compared to $2,762,000 a year ago. Basic and diluted net loss per share was $0.05 compared to $0.12 a year ago. Adjusted EBITDA was $11,129,000 compared to $10,126,000 a year ago. EBITDA was $9,648,000 compared to $8,745,000 a year ago. Comparable restaurant sales increased 3.3% compared to a 0.4% increase in the prior year period. For the nine months, the company's restaurant sales were $499,858,000 compared to $497,969,000 a year ago. Loss from operations was $4,557,000 compared to $6,047,000 a year ago. Loss before income taxes was $18,637,000 compared to $20,177,000 a year ago. Net loss was $11,082,000 compared to $11,457,000 a year ago. Basic and diluted net loss per share was $0.37 compared to $0.50 a year ago. Adjusted EBITDA was $25,955,000 compared to $23,834,000 a year ago. EBITDA was $22,564,000 compared to $18,943,000 a year ago. The Company has updated its 2014 guidance as follows: Total restaurant sales of $690 million to $700 million (compared to $665 million to $675 million previously estimated); Comparable restaurant sales increase of 0% to 1% (compared to negative 1% to 0% previously estimated); Adjusted EBITDA of $36 million to $38 million (compared to $36 million to $40 million previously estimated); An effective income tax benefit of 36% to 38% excluding non-recurring 2013 WOTC adjustments recorded in the third quarter of 2014 and any WOTC for 2014 (compared to 33% to 35% previously estimated); Capital expenditures, excluding acquisitions, of approximately $55 million to $58 million (compared to $51 million to $54 million previously estimated) including $38 million to $40 million for remodeling a total of 100 to 110 restaurants and $4 million for costs to scrape and rebuild three restaurants.

Carrols Restaurant Mulls Acquisitions

Carrols Restaurant Group, Inc. (NasdaqGS:TAST) is looking for acquisitions. Dan Accordino, Vice President, Chief Financial Officer and Treasurer of Carrols Restaurant Group, Inc. said, "We believe that there will be opportunities to selectively acquire additional restaurants in the future as we execute our long-term growth plan."

Carrols Restaurant Group, Inc. to Report Q3, 2014 Results on Nov 05, 2014

Carrols Restaurant Group, Inc. announced that they will report Q3, 2014 results at 7:00 AM, US Eastern Standard Time on Nov 05, 2014

 

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TAST

Industry Average

Valuation TAST Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 2.0x
Price/Cash Flow 11.9x
TEV/Sales 0.1x
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