Last $7.85 USD
Change Today +0.03 / 0.38%
Volume 308.8K
TAST On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

carrols restaurant group inc (TAST) Snapshot

Open
$7.81
Previous Close
$7.82
Day High
$8.01
Day Low
$7.72
52 Week High
02/23/15 - $8.87
52 Week Low
04/24/14 - $6.05
Market Cap
276.5M
Average Volume 10 Days
237.7K
EPS TTM
$-1.17
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 December 28, 2014, it owned and operated 674 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

Chairman, Chief Executive Officer, President,...
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 Fourth Quarter and Year Ended December 28, 2014; Provides Earnings Guidance for the Year 2015; Expects to Close 15 to 20 Restaurant in 2015

Carrols Restaurant Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 28, 2014. For the quarter, the company reported restaurant sales of $192,897,000 compared to $165,514,000 a year ago. Loss from operations was $2,994,000 compared to income from operations of $972,000 a year ago. Loss before income taxes was $7,715,000 compared to $3,739,000 a year ago. Net loss was $27,035,000 or $0.78 per diluted share compared to $2,062,000 or $0.09 per diluted share a year ago. Adjusted EBITDA was $10,053,000 compared to $10,437,000 a year ago. EBITDA was $6,808,000 compared to $9,576,000 a year ago. In the fourth quarter of 2014, total capital expenditures were $19.3 million, including $14.9 million for remodeling. The growth in restaurant sales included $25.4 million in sales from the 123 BURGER KING® restaurants acquired in 2014 along with a comparable restaurant sales increase of 3.6%. For the year, the company reported restaurant sales of $692,755,000 compared to $663,483,000 a year ago. Loss from operations was $7,551,000 compared to $5,075,000 a year ago. Loss before income taxes was $26,352,000 compared to $23,916,000 a year ago. Net loss was $38,117,000 or $1.23 per diluted share compared to $13,519,000 or $0.59 per diluted share a year ago. Adjusted EBITDA was $36,008,000 compared to $34,271,000 a year ago. EBITDA was $29,372,000 compared to $28,519,000 a year ago. Capital expenditures in 2014, excluding acquisitions were $52 million, including $38.2 million for remodeling. The company provided earnings guidance for 2015. For the period, the company expects total restaurant sales of $810 million to $830 million including a comparable restaurant sales increase of 2% to 4% (on a comparable 52-week basis); A commodity cost increase of approximately 2% to 3% primarily due to higher beef costs expected in the first half of the year; General and administrative expenses of approximately $44 million to $46 million (excluding stock compensation costs). Increases from 2014 reflect, among other things, higher incentive compensation costs (versus minimal expense in 2014), the full year impact of field management, training and other support costs related to the 2014 acquired restaurants, and the extra week in 2015; Adjusted EBITDA of $44 million to $48 million; As a result of the net deferred tax asset valuation allowance established in 2014, the company does not anticipate any income tax expense or benefit for 2015; Capital expenditures of $37 million to $44 million, including $25 million to $30 million for remodeling a total of 60 to 70 restaurants and final expenditures on certain 2014 remodels. Further expansion of these remodeling plans may be considered if the company complete a possible refinancing of the company's debt. For the year of 2015, the company expects to close between 15 to 20 restaurants.

Carrols Restaurant Group Seeks Acquisitions

Carrols Restaurant Group, Inc. (NasdaqGS:TAST) is seeking acquisitions. Daniel T. Accordino, the Company's Chief Executive Officer said "We also are considering a possible refinancing of our existing debt which could facilitate additional remodeling and possible acquisitions later in the year." commented Monty J. Bennett, Ashford's Chairman and Chief Executive Officer.

Carrols Restaurant Group, Inc. to Report Q4, 2014 Results on Feb 26, 2015

Carrols Restaurant Group, Inc. announced that they will report Q4, 2014 results at 7:00 AM, US Eastern Standard Time on Feb 26, 2015

 

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TAST

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Valuation TAST Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 2.0x
Price/Cash Flow 12.2x
TEV/Sales 0.1x
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