This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsCarrols Restaurant Group (XQC) 주식 개요Through its subsidiaries, operates restaurants in the United States. 자세히 보기XQC 펀더멘털 분석스노우플레이크 점수가치 평가3/6미래 성장3/6과거 실적3/6재무 건전성1/6배당2/6강점주가수익률(16.3x)이 German 시장(16.9x)보다 낮습니다.수익은 매년 22.04% 증가할 것으로 예상됩니다.올해부터 흑자전환동종업계 및 업계 대비 좋은 가치로 거래위험 분석이자 지급액이 수익으로 잘 충당되지 않음모든 위험 점검 보기XQC Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€8.7025.2% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-57m2b2016201920222025202620282031Revenue US$2.2bEarnings US$33.9mAdvancedSet Fair ValueView all narrativesCarrols Restaurant Group, Inc. 경쟁사LS InvestSymbol: HMSE:IFAMarket cap: €503.3mZEAL NetworkSymbol: XTRA:TIMAMarket cap: €928.4mKappa CreateSymbol: TSE:7421Market cap: JP¥71.3bCafé de Coral HoldingsSymbol: SEHK:341Market cap: HK$2.3b가격 이력 및 성과Carrols Restaurant Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$8.7052주 최고가US$8.9052주 최저가US$4.02베타2.471개월 변동-1.14%3개월 변동0.58%1년 변동79.01%3년 변동83.54%5년 변동14.31%IPO 이후 변동103.65%최근 뉴스 및 업데이트공시 • May 30Carrols Restaurant Group Files Form 15Carrols Restaurant Group, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.공시 • May 18Carrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from NASDAQ Composite IndexCarrols Restaurant Group, Inc. has been dropped from NASDAQ Composite Index공시 • May 17+ 1 more updateRestaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others.Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others for approximately $470 million on January 16, 2024. Under the terms of the merger agreement, RBI will 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. RBI and its affiliates currently hold approximately 15% of Carrols outstanding equity. Approximately 20% of outstanding Carrols shares held by stockholders unaffiliated with RBI. Cambridge Franchise Holdings, LLC, who in aggregate own or control approximately 17% of outstanding Carrols shares. The acquisition is expected to be financed with cash on hand and term loan debt in an aggregate principal amount of $750 million for which RBI has received a financing commitment. The proposed Merger is a “going private transaction” under the rules of the Securities and Exchange Commission. The definitive merger agreement includes a 30-day “go shop” period that will allow the Company to affirmatively solicit alternative proposals from interested parties. Under certain circumstances, according to certain termination rights, Carrols Restaurant will be required to pay RBI a termination fee of $19 million in cash.The transaction is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as well as other customary closing conditions, including approval by the holders of a majority of common stock held by Carrols stockholders excluding shares held by RBI and its affiliates and officers of Carrols in addition to approval by holders of a majority of outstanding common stock of Carrols. The transaction is not subject to a financing contingency. A special transaction committee of Carrols’ Board of Directors comprised of independent directors unaffiliated with RBI, advised by independent legal and financial advisors, was formed to conduct a deliberate and thoughtful process to evaluate this proposal. The transaction negotiations were led by the Special Committee and following its unanimous recommendation, the Carrols Board of Directors (other than directors affiliated with RBI) unanimously approved the merger agreement with RBI and agreed to recommend that Carrols stockholders vote to adopt the merger agreement. The waiting period under the HSR Act expired at 11:59 p.m. Eastern time on February 29, 2024. Carrols shareholder meeting to vote on the merger scheduled for May 14, 2024. Carrols shareholder approved the transaction on May 14, 2024. The transaction is expected to be completed in the second quarter of 2024. RBI expects the transaction to be approximately neutral to Adjusted Earnings per Share.J.P. Morgan acted as financial advisor and Laura Turano, Scott Barshay, Cristina Amodeo, Caith Kushner, Christodoulos Kaoutzanis, John Kennedy, Patricia Vaz de Almeida, Robert Killip, Alyssa Wolpin, Jean McLoughlin, Christopher Gonnella, Andre Bouchard, Lewis Clayton, Steven Herzog, Scott Sher, Marta Kelly, Claudine Meredith-Goujon and Peter Fisch of Paul, Weiss, Rifkind, Wharton & Garrison acted as legal advisors to RBI. Jefferies LLC acted as financial advisor and provided fairness opinion to the Special Committee of Carrols. Derek Winokur, Iliana Ongun, Scott Golenbock, Mike Shah, Kelly Bartley, Edward Lemanowicz, Antonio Diaz-Albertini and Adam Di Vincenzo of Milbank LLP acted as legal advisors to Carrols and the Special Committee of the Carrols Board of Directors.. Matthew Arenson and Willard S. Boothby of Kirkland & Ellis LLP acted as legal advisors to Carrols. Innisfree M&A Incorporated acted as proxy solicitor to Carrols for a fee of up to $30,000. Equiniti Trust Company, LLC acted as transfer agent to Carrol. Carrols has agreed to pay Jefferies for its financial advisory services in connection with the merger an aggregate fee based upon a percentage of the transaction value of the merger, which fee is estimated to be approximately $12.3 million, $2 million of which became payable upon delivery of Jefferies’ opinion to the Special Committee and the remainder of which is payable contingent upon the closing of the merger.Restaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others on May 16, 2024. With the close of the acquisition, RBI adds the largest Burger King® (“BK”) franchisee in the United States to its portfolio as part of the Company’s Reclaim the Flame plan. RBI will invest a further $500 million to accelerate the reimaging of more than 600 Carrols restaurants before refranchising the majority of the acquired portfolio to new or existing smaller franchise operators over the next seven years.Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.07 (vs US$0.014 in 1Q 2023)First quarter 2024 results: EPS: US$0.07 (up from US$0.014 in 1Q 2023). Revenue: US$452.2m (up 1.6% from 1Q 2023). Net income: US$3.66m (up 421% from 1Q 2023). Profit margin: 0.8% (up from 0.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 10Full year 2023 earnings released: EPS: US$0.53 (vs US$1.49 loss in FY 2022)Full year 2023 results: EPS: US$0.53 (up from US$1.49 loss in FY 2022). Revenue: US$1.88b (up 8.4% from FY 2022). Net income: US$27.2m (up US$102.7m from FY 2022). Profit margin: 1.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Mar 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).더 많은 업데이트 보기Recent updates공시 • May 30Carrols Restaurant Group Files Form 15Carrols Restaurant Group, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.공시 • May 18Carrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from NASDAQ Composite IndexCarrols Restaurant Group, Inc. has been dropped from NASDAQ Composite Index공시 • May 17+ 1 more updateRestaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others.Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others for approximately $470 million on January 16, 2024. Under the terms of the merger agreement, RBI will 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. RBI and its affiliates currently hold approximately 15% of Carrols outstanding equity. Approximately 20% of outstanding Carrols shares held by stockholders unaffiliated with RBI. Cambridge Franchise Holdings, LLC, who in aggregate own or control approximately 17% of outstanding Carrols shares. The acquisition is expected to be financed with cash on hand and term loan debt in an aggregate principal amount of $750 million for which RBI has received a financing commitment. The proposed Merger is a “going private transaction” under the rules of the Securities and Exchange Commission. The definitive merger agreement includes a 30-day “go shop” period that will allow the Company to affirmatively solicit alternative proposals from interested parties. Under certain circumstances, according to certain termination rights, Carrols Restaurant will be required to pay RBI a termination fee of $19 million in cash.The transaction is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as well as other customary closing conditions, including approval by the holders of a majority of common stock held by Carrols stockholders excluding shares held by RBI and its affiliates and officers of Carrols in addition to approval by holders of a majority of outstanding common stock of Carrols. The transaction is not subject to a financing contingency. A special transaction committee of Carrols’ Board of Directors comprised of independent directors unaffiliated with RBI, advised by independent legal and financial advisors, was formed to conduct a deliberate and thoughtful process to evaluate this proposal. The transaction negotiations were led by the Special Committee and following its unanimous recommendation, the Carrols Board of Directors (other than directors affiliated with RBI) unanimously approved the merger agreement with RBI and agreed to recommend that Carrols stockholders vote to adopt the merger agreement. The waiting period under the HSR Act expired at 11:59 p.m. Eastern time on February 29, 2024. Carrols shareholder meeting to vote on the merger scheduled for May 14, 2024. Carrols shareholder approved the transaction on May 14, 2024. The transaction is expected to be completed in the second quarter of 2024. RBI expects the transaction to be approximately neutral to Adjusted Earnings per Share.J.P. Morgan acted as financial advisor and Laura Turano, Scott Barshay, Cristina Amodeo, Caith Kushner, Christodoulos Kaoutzanis, John Kennedy, Patricia Vaz de Almeida, Robert Killip, Alyssa Wolpin, Jean McLoughlin, Christopher Gonnella, Andre Bouchard, Lewis Clayton, Steven Herzog, Scott Sher, Marta Kelly, Claudine Meredith-Goujon and Peter Fisch of Paul, Weiss, Rifkind, Wharton & Garrison acted as legal advisors to RBI. Jefferies LLC acted as financial advisor and provided fairness opinion to the Special Committee of Carrols. Derek Winokur, Iliana Ongun, Scott Golenbock, Mike Shah, Kelly Bartley, Edward Lemanowicz, Antonio Diaz-Albertini and Adam Di Vincenzo of Milbank LLP acted as legal advisors to Carrols and the Special Committee of the Carrols Board of Directors.. Matthew Arenson and Willard S. Boothby of Kirkland & Ellis LLP acted as legal advisors to Carrols. Innisfree M&A Incorporated acted as proxy solicitor to Carrols for a fee of up to $30,000. Equiniti Trust Company, LLC acted as transfer agent to Carrol. Carrols has agreed to pay Jefferies for its financial advisory services in connection with the merger an aggregate fee based upon a percentage of the transaction value of the merger, which fee is estimated to be approximately $12.3 million, $2 million of which became payable upon delivery of Jefferies’ opinion to the Special Committee and the remainder of which is payable contingent upon the closing of the merger.Restaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others on May 16, 2024. With the close of the acquisition, RBI adds the largest Burger King® (“BK”) franchisee in the United States to its portfolio as part of the Company’s Reclaim the Flame plan. RBI will invest a further $500 million to accelerate the reimaging of more than 600 Carrols restaurants before refranchising the majority of the acquired portfolio to new or existing smaller franchise operators over the next seven years.Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.07 (vs US$0.014 in 1Q 2023)First quarter 2024 results: EPS: US$0.07 (up from US$0.014 in 1Q 2023). Revenue: US$452.2m (up 1.6% from 1Q 2023). Net income: US$3.66m (up 421% from 1Q 2023). Profit margin: 0.8% (up from 0.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 10Full year 2023 earnings released: EPS: US$0.53 (vs US$1.49 loss in FY 2022)Full year 2023 results: EPS: US$0.53 (up from US$1.49 loss in FY 2022). Revenue: US$1.88b (up 8.4% from FY 2022). Net income: US$27.2m (up US$102.7m from FY 2022). Profit margin: 1.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Mar 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).공시 • Jan 18Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others for approximately $470 million.Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others for approximately $470 million on January 16, 2024. Under the terms of the merger agreement, RBI will 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. RBI and its affiliates currently hold approximately 15% of Carrols outstanding equity. Approximately 20% of outstanding Carrols shares held by stockholders unaffiliated with RBI. Cambridge Franchise Holdings, LLC, who in aggregate own or control approximately 17% of outstanding Carrols shares. The transaction is not subject to a financing contingency and is expected to be financed with cash on hand and term loan debt for which RBI has received a financing commitment. A special transaction committee of Carrols’ Board of Directors comprised of independent directors unaffiliated with RBI, advised by independent legal and financial advisors, was formed to conduct a deliberate and thoughtful process to evaluate this proposal. Transaction negotiations were led by the Special Committee and following its unanimous recommendation, the Carrols Board of Directors (other than directors affiliated with RBI) unanimously approved the merger agreement with RBI and agreed to recommend that Carrols stockholders vote to adopt the merger agreement. The definitive merger agreement includes a 30-day “go shop” period that will allow the Company to affirmatively solicit alternative proposals from interested parties. The transaction is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as well as other customary closing conditions, including approval by the holders of a majority of common stock held by Carrols stockholders excluding shares held by RBI and its affiliates and officers of Carrols in addition to approval by holders of a majority of outstanding common stock of Carrols. The transaction is expected to be completed in the second quarter of 2024. RBI expects the transaction to be approximately neutral to Adjusted Earnings per Share. J.P. Morgan acted as financial advisor and Scott A. Barshay, Laura C. Turano and Cristina Amodeo of Paul, Weiss, Rifkind, Wharton & Garrison acted as legal advisors to RBI. Jefferies LLC acted as financial advisor and Milbank LLP acted as legal advisor to the Special Committee of the Carrols Board of Directors.New Risk • Nov 16New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €187k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Significant insider selling over the past 3 months (€187k sold).공시 • Nov 14Carrols Restaurant Group, Inc. has filed a Follow-on Equity Offering.Carrols Restaurant Group, Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingReported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.24 (vs US$0.17 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.24 (up from US$0.17 loss in 3Q 2022). Revenue: US$475.8m (up 7.2% from 3Q 2022). Net income: US$12.6m (up US$21.3m from 3Q 2022). Profit margin: 2.7% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.공시 • Nov 10Carrols Restaurant Group, Inc. Declares Initial Regular Quarterly Dividend, Payable on December 15, 2023The Board of Directors of Carrols Restaurant Group, Inc. has authorized an initial regular quarterly dividend of $0.02 per share of common stock, totaling approximately $1.3 million. This dividend will be paid on December 15, 2023 to shareholders of record as of November 21, 2023.공시 • Oct 20Carrols Restaurant Group, Inc. to Report Q3, 2023 Results on Nov 09, 2023Carrols Restaurant Group, Inc. announced that they will report Q3, 2023 results at 7:00 AM, Eastern Daylight on Nov 09, 2023New Risk • Aug 13New major risk - Revenue and earnings growthEarnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 41% per year over the past 5 years.Breakeven Date Change • Aug 11Forecast to breakeven in 2023The 3 analysts covering Carrols Restaurant Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$1.58m in 2023. Earnings growth of 184% is required to achieve expected profit on schedule.공시 • Jul 23Carrols Restaurant Group, Inc. to Report Q2, 2023 Results on Aug 10, 2023Carrols Restaurant Group, Inc. announced that they will report Q2, 2023 results at 7:00 AM, US Eastern Standard Time on Aug 10, 2023Breakeven Date Change • May 23Forecast to breakeven in 2023The 3 analysts covering Carrols Restaurant Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$950.3k in 2023. Earnings growth of 116% is required to achieve expected profit on schedule.Reported Earnings • May 12First quarter 2023 earnings released: EPS: US$0.017 (vs US$0.42 loss in 1Q 2022)First quarter 2023 results: EPS: US$0.017 (up from US$0.42 loss in 1Q 2022). Revenue: US$445.2m (up 11% from 1Q 2022). Net income: US$864.0k (up US$22.1m from 1Q 2022). Profit margin: 0.2% (up from net loss in 1Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Mar 01Full year 2022 earnings released: US$1.49 loss per share (vs US$0.86 loss in FY 2021)Full year 2022 results: US$1.49 loss per share (further deteriorated from US$0.86 loss in FY 2021). Revenue: US$1.73b (up 4.7% from FY 2021). Net loss: US$75.6m (loss widened 76% from FY 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.공시 • Feb 15Carrols Restaurant Group, Inc. to Report Q4, 2022 Results on Feb 28, 2023Carrols Restaurant Group, Inc. announced that they will report Q4, 2022 results at 7:00 AM, US Eastern Standard Time on Feb 28, 2023공시 • Jan 04+ 1 more updateCarrols Restaurant Group, Inc. Announces Demise of Paulo A. Pena, President; Announces Executive AppointmentsCarrols Restaurant Group, Inc. announced the passing of Paulo A. Pena who died unexpectedly in the hospital on December 31, 2022. Mr. Pena, who had served as the Company’s President since April 1, 2022, was 50 years old. Pursuant to the Company’s CEO Succession Plan, the Board of Directors has appointed Anthony E. Hull, Carrols’ Vice President, Chief Financial Officer and Treasurer, to serve as Interim President until a successor has been identified. Mr. Hull will continue serving as Chief Financial Officer and Treasurer of the Company while serving as Interim President and CEO. The Board will be initiating a search for a successor shortly. The Company also announced the appointment of Joseph Hoffman as Chief Restaurant Officer, a new executive level position created to oversee Carrols’ restaurant operations, effective January 1, 2023. In his new role, which was approved by the Board on December 20, 2022, Mr. Hoffman will report directly to Interim President and CEO Anthony Hull. Mr. Hoffman served as Senior Vice President, Operations of Carrols from May 2022 to December 31, 2022, as a Division Vice President, Operations from June 2017 until April 2022, and as a Vice President, Region Director from June 1997 until May 2017. Mr. Hoffman has been an employee of Carrols since 1993, when he joined the Company as a District Manager.Reported Earnings • Nov 16Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.20 loss in 3Q 2021)Third quarter 2022 results: US$0.17 loss per share (improved from US$0.20 loss in 3Q 2021). Revenue: US$444.0m (up 5.3% from 3Q 2021). Net loss: US$8.70m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 10Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.20 loss in 3Q 2021)Third quarter 2022 results: US$0.17 loss per share (improved from US$0.20 loss in 3Q 2021). Revenue: US$444.0m (up 5.3% from 3Q 2021). Net loss: US$8.70m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.공시 • Oct 19Carrols Restaurant Group, Inc. to Report Q3, 2022 Results on Nov 09, 2022Carrols Restaurant Group, Inc. announced that they will report Q3, 2022 results on Nov 09, 2022Reported Earnings • Aug 12Second quarter 2022 earnings released: US$0.52 loss per share (vs US$0.19 loss in 2Q 2021)Second quarter 2022 results: US$0.52 loss per share (down from US$0.19 loss in 2Q 2021). Revenue: US$441.9m (up 4.1% from 2Q 2021). Net loss: US$26.5m (loss widened 177% from 2Q 2021). Over the next year, revenue is forecast to grow 3.1%, compared to a 716% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.공시 • Jul 29Carrols Restaurant Group, Inc. to Report Q2, 2022 Results on Aug 11, 2022Carrols Restaurant Group, Inc. announced that they will report Q2, 2022 results at 7:00 AM, US Eastern Standard Time on Aug 11, 2022공시 • Jun 26+ 1 more updateCarrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from Russell 2000 Value IndexCarrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from Russell 2000 Value IndexReported Earnings • May 13First quarter 2022 earnings released: US$0.42 loss per share (vs US$0.14 loss in 1Q 2021)First quarter 2022 results: US$0.42 loss per share (down from US$0.14 loss in 1Q 2021). Revenue: US$399.5m (up 2.4% from 1Q 2021). Net loss: US$21.3m (loss widened 197% from 1Q 2021). Over the next year, revenue is forecast to grow 3.0%, compared to a 115% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.공시 • Apr 06Carrols Restaurant Group, Inc. Announces Executive ChangesThe Board of Directors of Carrols Restaurant Group, Inc. appointed Paulo A. Pena as President of the company, effective April 1, 2022 (Effective Date). On April 1, 2022, the Board appointed Mr. Pena to the Board as a Class I director to fill the vacancy on the Board resulting from the retirement of Daniel T. Accordino as Chairman of the Board, President and as a Class I member of the Board on the Effective Date. On April 1, 2022, the Board appointed David S. Harris, the Lead Independent Director of the Board, as the non-executive Chairman of the Board effective on the Effective Date.Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: US$0.86 loss per share (down from US$0.58 loss in FY 2020). Revenue: US$1.65b (up 6.8% from FY 2020). Net loss: US$43.0m (loss widened 46% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.5%, compared to a 108% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings.공시 • Feb 24+ 1 more updateCarrols Restaurant Group, Inc Announces Executive ChangesCarrols Restaurant Group, Inc. announced that its Board of Directors has named Paulo Pena as the Company’s new 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. David S. Harris, a member of the Carrols Board since 2012 and its Lead Independent Director, will assume the role of Non-Executive Chairman effective April 1, 2022. Paulo Pena brings to Carrols over 20 years of operations and finance experience in the hospitality, quick service restaurant and beverage industries. Mr. Pena currently serves as Chief Operating Officer of Selina, one of the world’s fastest growing hospitality brands, where he was responsible for overall hotel operations for the company’s portfolio of over 95 properties.공시 • Feb 04Carrols Restaurant Group, Inc. to Report Q4, 2021 Results on Feb 24, 2022Carrols Restaurant Group, Inc. announced that they will report Q4, 2021 results at 7:00 AM, US Eastern Standard Time on Feb 24, 2022Reported Earnings • Nov 12Third quarter 2021 earnings released: US$0.20 loss per share (vs US$0.057 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$421.7m (up 3.6% from 3Q 2020). Net loss: US$9.90m (down 439% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 13Second quarter 2021 earnings released: US$0.19 loss per share (vs US$0.13 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$424.5m (up 15% from 2Q 2020). Net loss: US$9.56m (down 247% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance.공시 • Aug 13+ 1 more updateCarrols Restaurant Group, Inc. Declares Special Cash DividendEffective August 12, 2021, the Board of Directors of the Carrols Restaurant Group, Inc. declared a special cash dividend of $0.41 per share on all of the issued and outstanding shares of the Company's common stock, including the Company's common stock issuable on the conversion of the Company's Series B Convertible Preferred Stock, which will be paid on October 5, 2021 to stockholders of record of the Company as of the close of business on August 25, 2021.Executive Departure • Aug 05VP & COO Carl Hauch has left the companyOn the 30th of July, Carl Hauch's tenure as VP & COO ended after less than a year in the role. As of March 2021, Carl still personally held 250.00k shares (€1.3m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years.Executive Departure • Jul 15Independent Director Christopher Finazzo has left the companyOn the 6th of July, Christopher Finazzo's tenure as Independent Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Christopher's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.08 years.Reported Earnings • May 14First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.41 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$390.0m (up 11% from 1Q 2020). Net loss: US$7.17m (loss narrowed 66% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Mar 13Independent Director recently bought €417k worth of stockOn the 8th of March, Matthew Perelman bought around 75k shares on-market at roughly €5.56 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €666k more in shares than they have sold in the last 12 months.Is New 90 Day High Low • Mar 13New 90-day high: €5.95The company is up 6.0% from its price of €5.60 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.06 per share.Reported Earnings • Mar 04Full year 2020 earnings released: US$0.58 loss per share (vs US$0.73 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$1.55b (up 5.8% from FY 2019). Net loss: US$29.5m (loss narrowed 7.7% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Mar 04Revenue misses expectationsRevenue missed analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 3.3%, compared to a 18% growth forecast for the Hospitality industry in Germany.공시 • Feb 18Carrols Restaurant Group, Inc. to Report Q4, 2020 Results on Mar 03, 2021Carrols Restaurant Group, Inc. announced that they will report Q4, 2020 results at 7:00 AM, US Eastern Standard Time on Mar 03, 2021공시 • Feb 11Carrols Restaurant Group, Inc. Appoints Jared L. Landaw as Vice President and General CounselCarrols Restaurant Group, Inc. announced that it has appointed Jared L. Landaw as the company’s Vice President and General Counsel, effective February 8, 2021. Prior to joining Carrols, Mr. Landaw was the Chief Operating Officer and General Counsel of Barington Capital Group, L.P., a value-oriented investment firm, where he has worked since June 2004. Prior to that, he served as the Vice President of Law at International Specialty Products Inc. and as an attorney at Skadden, Arps, Slate, Meagher & Flom LLP.공시 • Feb 10Carrols Restaurant Group, Inc. Appoints Carl Hauch as Chief Operating Officer, Effective February 15, 2021Carrols Restaurant Group, Inc. announced that it has appointed Carl Hauch as the Company’s Chief Operating Officer, effective February 15, 2021. Most recently, he served as the President and CEO of the Wendy’s division of NPC international.Recent Insider Transactions • Nov 21Independent Director recently bought €249k worth of stockOn the 17th of November, Matthew Perelman bought around 56k shares on-market at roughly €4.42 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €721k more in shares than they have sold in the last 12 months.Is New 90 Day High Low • Nov 14New 90-day low: €4.28The company is down 29% from its price of €6.00 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.12 per share.Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS US$0.069The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$407.0m (up 1.2% from 3Q 2019). Net income: US$3.53m (up US$10.3m from 3Q 2019). Profit margin: 0.9% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 109% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 07Revenue beats expectationsRevenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 2.8% compared to a 5.0% decline forecast for the Hospitality industry in Germany.Is New 90 Day High Low • Oct 30New 90-day low: €5.05The company is down 4.0% from its price of €5.25 on 31 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Hospitality industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.07 per share.Is New 90 Day High Low • Oct 12New 90-day high: €6.25The company is up 52% from its price of €4.10 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.95 per share.공시 • Jul 24Carrols Restaurant Group, Inc. to Report Q2, 2020 Results on Aug 06, 2020Carrols Restaurant Group, Inc. announced that they will report Q2, 2020 results at 7:00 AM, US Eastern Standard Time on Aug 06, 2020주주 수익률XQCDE HospitalityDE 시장7D-0.6%-2.5%-0.7%1Y79.0%42.1%2.0%전체 주주 수익률 보기수익률 대 산업: XQC은 지난 1년 동안 42.1%의 수익을 기록한 German Hospitality 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: XQC은 지난 1년 동안 2%를 기록한 German 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is XQC's price volatile compared to industry and market?XQC volatilityXQC Average Weekly Movement1.8%Hospitality Industry Average Movement6.5%Market Average Movement6.0%10% most volatile stocks in DE Market13.1%10% least volatile stocks in DE Market2.8%안정적인 주가: XQC는 지난 3개월 동안 German 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: XQC의 주간 변동성은 지난 1년간 9%에서 2%로 감소했습니다.회사 소개설립직원 수CEO웹사이트196014,000Deb Derbywww.carrols.com더 보기Carrols Restaurant Group, Inc. 기초 지표 요약Carrols Restaurant Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?XQC 기초 통계시가총액€439.74m순이익 (TTM)€27.05m매출 (TTM)€1.73b16.3x주가수익비율(P/E)0.3x주가매출비율(P/S)XQC는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표XQC 손익계산서 (TTM)매출US$1.88b매출원가US$1.55b총이익US$329.14m기타 비용US$299.73m순이익US$29.41m최근 보고된 실적Mar 31, 2024다음 실적 발표일해당 없음주당순이익(EPS)0.59총이익률17.47%순이익률1.56%부채/자본 비율222.5%XQC의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당0.8%현재 배당 수익률7%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/05/16 18:42종가2024/05/16 00:00수익2024/03/31연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Carrols Restaurant Group, Inc.는 9명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrew GadlinCJS Securities, Inc.Jeremy HamblinCraig-Hallum Capital Group LLCBrian MullanDeutsche Bank6명의 분석가 더 보기
공시 • May 30Carrols Restaurant Group Files Form 15Carrols Restaurant Group, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.
공시 • May 18Carrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from NASDAQ Composite IndexCarrols Restaurant Group, Inc. has been dropped from NASDAQ Composite Index
공시 • May 17+ 1 more updateRestaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others.Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others for approximately $470 million on January 16, 2024. Under the terms of the merger agreement, RBI will 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. RBI and its affiliates currently hold approximately 15% of Carrols outstanding equity. Approximately 20% of outstanding Carrols shares held by stockholders unaffiliated with RBI. Cambridge Franchise Holdings, LLC, who in aggregate own or control approximately 17% of outstanding Carrols shares. The acquisition is expected to be financed with cash on hand and term loan debt in an aggregate principal amount of $750 million for which RBI has received a financing commitment. The proposed Merger is a “going private transaction” under the rules of the Securities and Exchange Commission. The definitive merger agreement includes a 30-day “go shop” period that will allow the Company to affirmatively solicit alternative proposals from interested parties. Under certain circumstances, according to certain termination rights, Carrols Restaurant will be required to pay RBI a termination fee of $19 million in cash.The transaction is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as well as other customary closing conditions, including approval by the holders of a majority of common stock held by Carrols stockholders excluding shares held by RBI and its affiliates and officers of Carrols in addition to approval by holders of a majority of outstanding common stock of Carrols. The transaction is not subject to a financing contingency. A special transaction committee of Carrols’ Board of Directors comprised of independent directors unaffiliated with RBI, advised by independent legal and financial advisors, was formed to conduct a deliberate and thoughtful process to evaluate this proposal. The transaction negotiations were led by the Special Committee and following its unanimous recommendation, the Carrols Board of Directors (other than directors affiliated with RBI) unanimously approved the merger agreement with RBI and agreed to recommend that Carrols stockholders vote to adopt the merger agreement. The waiting period under the HSR Act expired at 11:59 p.m. Eastern time on February 29, 2024. Carrols shareholder meeting to vote on the merger scheduled for May 14, 2024. Carrols shareholder approved the transaction on May 14, 2024. The transaction is expected to be completed in the second quarter of 2024. RBI expects the transaction to be approximately neutral to Adjusted Earnings per Share.J.P. Morgan acted as financial advisor and Laura Turano, Scott Barshay, Cristina Amodeo, Caith Kushner, Christodoulos Kaoutzanis, John Kennedy, Patricia Vaz de Almeida, Robert Killip, Alyssa Wolpin, Jean McLoughlin, Christopher Gonnella, Andre Bouchard, Lewis Clayton, Steven Herzog, Scott Sher, Marta Kelly, Claudine Meredith-Goujon and Peter Fisch of Paul, Weiss, Rifkind, Wharton & Garrison acted as legal advisors to RBI. Jefferies LLC acted as financial advisor and provided fairness opinion to the Special Committee of Carrols. Derek Winokur, Iliana Ongun, Scott Golenbock, Mike Shah, Kelly Bartley, Edward Lemanowicz, Antonio Diaz-Albertini and Adam Di Vincenzo of Milbank LLP acted as legal advisors to Carrols and the Special Committee of the Carrols Board of Directors.. Matthew Arenson and Willard S. Boothby of Kirkland & Ellis LLP acted as legal advisors to Carrols. Innisfree M&A Incorporated acted as proxy solicitor to Carrols for a fee of up to $30,000. Equiniti Trust Company, LLC acted as transfer agent to Carrol. Carrols has agreed to pay Jefferies for its financial advisory services in connection with the merger an aggregate fee based upon a percentage of the transaction value of the merger, which fee is estimated to be approximately $12.3 million, $2 million of which became payable upon delivery of Jefferies’ opinion to the Special Committee and the remainder of which is payable contingent upon the closing of the merger.Restaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others on May 16, 2024. With the close of the acquisition, RBI adds the largest Burger King® (“BK”) franchisee in the United States to its portfolio as part of the Company’s Reclaim the Flame plan. RBI will invest a further $500 million to accelerate the reimaging of more than 600 Carrols restaurants before refranchising the majority of the acquired portfolio to new or existing smaller franchise operators over the next seven years.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.07 (vs US$0.014 in 1Q 2023)First quarter 2024 results: EPS: US$0.07 (up from US$0.014 in 1Q 2023). Revenue: US$452.2m (up 1.6% from 1Q 2023). Net income: US$3.66m (up 421% from 1Q 2023). Profit margin: 0.8% (up from 0.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 10Full year 2023 earnings released: EPS: US$0.53 (vs US$1.49 loss in FY 2022)Full year 2023 results: EPS: US$0.53 (up from US$1.49 loss in FY 2022). Revenue: US$1.88b (up 8.4% from FY 2022). Net income: US$27.2m (up US$102.7m from FY 2022). Profit margin: 1.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).
공시 • May 30Carrols Restaurant Group Files Form 15Carrols Restaurant Group, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.
공시 • May 18Carrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from NASDAQ Composite IndexCarrols Restaurant Group, Inc. has been dropped from NASDAQ Composite Index
공시 • May 17+ 1 more updateRestaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others.Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others for approximately $470 million on January 16, 2024. Under the terms of the merger agreement, RBI will 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. RBI and its affiliates currently hold approximately 15% of Carrols outstanding equity. Approximately 20% of outstanding Carrols shares held by stockholders unaffiliated with RBI. Cambridge Franchise Holdings, LLC, who in aggregate own or control approximately 17% of outstanding Carrols shares. The acquisition is expected to be financed with cash on hand and term loan debt in an aggregate principal amount of $750 million for which RBI has received a financing commitment. The proposed Merger is a “going private transaction” under the rules of the Securities and Exchange Commission. The definitive merger agreement includes a 30-day “go shop” period that will allow the Company to affirmatively solicit alternative proposals from interested parties. Under certain circumstances, according to certain termination rights, Carrols Restaurant will be required to pay RBI a termination fee of $19 million in cash.The transaction is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as well as other customary closing conditions, including approval by the holders of a majority of common stock held by Carrols stockholders excluding shares held by RBI and its affiliates and officers of Carrols in addition to approval by holders of a majority of outstanding common stock of Carrols. The transaction is not subject to a financing contingency. A special transaction committee of Carrols’ Board of Directors comprised of independent directors unaffiliated with RBI, advised by independent legal and financial advisors, was formed to conduct a deliberate and thoughtful process to evaluate this proposal. The transaction negotiations were led by the Special Committee and following its unanimous recommendation, the Carrols Board of Directors (other than directors affiliated with RBI) unanimously approved the merger agreement with RBI and agreed to recommend that Carrols stockholders vote to adopt the merger agreement. The waiting period under the HSR Act expired at 11:59 p.m. Eastern time on February 29, 2024. Carrols shareholder meeting to vote on the merger scheduled for May 14, 2024. Carrols shareholder approved the transaction on May 14, 2024. The transaction is expected to be completed in the second quarter of 2024. RBI expects the transaction to be approximately neutral to Adjusted Earnings per Share.J.P. Morgan acted as financial advisor and Laura Turano, Scott Barshay, Cristina Amodeo, Caith Kushner, Christodoulos Kaoutzanis, John Kennedy, Patricia Vaz de Almeida, Robert Killip, Alyssa Wolpin, Jean McLoughlin, Christopher Gonnella, Andre Bouchard, Lewis Clayton, Steven Herzog, Scott Sher, Marta Kelly, Claudine Meredith-Goujon and Peter Fisch of Paul, Weiss, Rifkind, Wharton & Garrison acted as legal advisors to RBI. Jefferies LLC acted as financial advisor and provided fairness opinion to the Special Committee of Carrols. Derek Winokur, Iliana Ongun, Scott Golenbock, Mike Shah, Kelly Bartley, Edward Lemanowicz, Antonio Diaz-Albertini and Adam Di Vincenzo of Milbank LLP acted as legal advisors to Carrols and the Special Committee of the Carrols Board of Directors.. Matthew Arenson and Willard S. Boothby of Kirkland & Ellis LLP acted as legal advisors to Carrols. Innisfree M&A Incorporated acted as proxy solicitor to Carrols for a fee of up to $30,000. Equiniti Trust Company, LLC acted as transfer agent to Carrol. Carrols has agreed to pay Jefferies for its financial advisory services in connection with the merger an aggregate fee based upon a percentage of the transaction value of the merger, which fee is estimated to be approximately $12.3 million, $2 million of which became payable upon delivery of Jefferies’ opinion to the Special Committee and the remainder of which is payable contingent upon the closing of the merger.Restaurant Brands International Inc. (NYSE:QSR) completed the acquisition of remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC, BlackRock, Inc. (NYSE:BLK) and others on May 16, 2024. With the close of the acquisition, RBI adds the largest Burger King® (“BK”) franchisee in the United States to its portfolio as part of the Company’s Reclaim the Flame plan. RBI will invest a further $500 million to accelerate the reimaging of more than 600 Carrols restaurants before refranchising the majority of the acquired portfolio to new or existing smaller franchise operators over the next seven years.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: US$0.07 (vs US$0.014 in 1Q 2023)First quarter 2024 results: EPS: US$0.07 (up from US$0.014 in 1Q 2023). Revenue: US$452.2m (up 1.6% from 1Q 2023). Net income: US$3.66m (up 421% from 1Q 2023). Profit margin: 0.8% (up from 0.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 10Full year 2023 earnings released: EPS: US$0.53 (vs US$1.49 loss in FY 2022)Full year 2023 results: EPS: US$0.53 (up from US$1.49 loss in FY 2022). Revenue: US$1.88b (up 8.4% from FY 2022). Net income: US$27.2m (up US$102.7m from FY 2022). Profit margin: 1.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding).
공시 • Jan 18Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others for approximately $470 million.Restaurant Brands International Inc. (NYSE:QSR) entered into an agreement to acquire remaining 85% stake in Carrols Restaurant Group, Inc. (NasdaqGS:TAST) from Cambridge Franchise Holdings, LLC and others for approximately $470 million on January 16, 2024. Under the terms of the merger agreement, RBI will 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. RBI and its affiliates currently hold approximately 15% of Carrols outstanding equity. Approximately 20% of outstanding Carrols shares held by stockholders unaffiliated with RBI. Cambridge Franchise Holdings, LLC, who in aggregate own or control approximately 17% of outstanding Carrols shares. The transaction is not subject to a financing contingency and is expected to be financed with cash on hand and term loan debt for which RBI has received a financing commitment. A special transaction committee of Carrols’ Board of Directors comprised of independent directors unaffiliated with RBI, advised by independent legal and financial advisors, was formed to conduct a deliberate and thoughtful process to evaluate this proposal. Transaction negotiations were led by the Special Committee and following its unanimous recommendation, the Carrols Board of Directors (other than directors affiliated with RBI) unanimously approved the merger agreement with RBI and agreed to recommend that Carrols stockholders vote to adopt the merger agreement. The definitive merger agreement includes a 30-day “go shop” period that will allow the Company to affirmatively solicit alternative proposals from interested parties. The transaction is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as well as other customary closing conditions, including approval by the holders of a majority of common stock held by Carrols stockholders excluding shares held by RBI and its affiliates and officers of Carrols in addition to approval by holders of a majority of outstanding common stock of Carrols. The transaction is expected to be completed in the second quarter of 2024. RBI expects the transaction to be approximately neutral to Adjusted Earnings per Share. J.P. Morgan acted as financial advisor and Scott A. Barshay, Laura C. Turano and Cristina Amodeo of Paul, Weiss, Rifkind, Wharton & Garrison acted as legal advisors to RBI. Jefferies LLC acted as financial advisor and Milbank LLP acted as legal advisor to the Special Committee of the Carrols Board of Directors.
New Risk • Nov 16New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €187k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Significant insider selling over the past 3 months (€187k sold).
공시 • Nov 14Carrols Restaurant Group, Inc. has filed a Follow-on Equity Offering.Carrols Restaurant Group, Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.24 (vs US$0.17 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.24 (up from US$0.17 loss in 3Q 2022). Revenue: US$475.8m (up 7.2% from 3Q 2022). Net income: US$12.6m (up US$21.3m from 3Q 2022). Profit margin: 2.7% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
공시 • Nov 10Carrols Restaurant Group, Inc. Declares Initial Regular Quarterly Dividend, Payable on December 15, 2023The Board of Directors of Carrols Restaurant Group, Inc. has authorized an initial regular quarterly dividend of $0.02 per share of common stock, totaling approximately $1.3 million. This dividend will be paid on December 15, 2023 to shareholders of record as of November 21, 2023.
공시 • Oct 20Carrols Restaurant Group, Inc. to Report Q3, 2023 Results on Nov 09, 2023Carrols Restaurant Group, Inc. announced that they will report Q3, 2023 results at 7:00 AM, Eastern Daylight on Nov 09, 2023
New Risk • Aug 13New major risk - Revenue and earnings growthEarnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 41% per year over the past 5 years.
Breakeven Date Change • Aug 11Forecast to breakeven in 2023The 3 analysts covering Carrols Restaurant Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$1.58m in 2023. Earnings growth of 184% is required to achieve expected profit on schedule.
공시 • Jul 23Carrols Restaurant Group, Inc. to Report Q2, 2023 Results on Aug 10, 2023Carrols Restaurant Group, Inc. announced that they will report Q2, 2023 results at 7:00 AM, US Eastern Standard Time on Aug 10, 2023
Breakeven Date Change • May 23Forecast to breakeven in 2023The 3 analysts covering Carrols Restaurant Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$950.3k in 2023. Earnings growth of 116% is required to achieve expected profit on schedule.
Reported Earnings • May 12First quarter 2023 earnings released: EPS: US$0.017 (vs US$0.42 loss in 1Q 2022)First quarter 2023 results: EPS: US$0.017 (up from US$0.42 loss in 1Q 2022). Revenue: US$445.2m (up 11% from 1Q 2022). Net income: US$864.0k (up US$22.1m from 1Q 2022). Profit margin: 0.2% (up from net loss in 1Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 01Full year 2022 earnings released: US$1.49 loss per share (vs US$0.86 loss in FY 2021)Full year 2022 results: US$1.49 loss per share (further deteriorated from US$0.86 loss in FY 2021). Revenue: US$1.73b (up 4.7% from FY 2021). Net loss: US$75.6m (loss widened 76% from FY 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
공시 • Feb 15Carrols Restaurant Group, Inc. to Report Q4, 2022 Results on Feb 28, 2023Carrols Restaurant Group, Inc. announced that they will report Q4, 2022 results at 7:00 AM, US Eastern Standard Time on Feb 28, 2023
공시 • Jan 04+ 1 more updateCarrols Restaurant Group, Inc. Announces Demise of Paulo A. Pena, President; Announces Executive AppointmentsCarrols Restaurant Group, Inc. announced the passing of Paulo A. Pena who died unexpectedly in the hospital on December 31, 2022. Mr. Pena, who had served as the Company’s President since April 1, 2022, was 50 years old. Pursuant to the Company’s CEO Succession Plan, the Board of Directors has appointed Anthony E. Hull, Carrols’ Vice President, Chief Financial Officer and Treasurer, to serve as Interim President until a successor has been identified. Mr. Hull will continue serving as Chief Financial Officer and Treasurer of the Company while serving as Interim President and CEO. The Board will be initiating a search for a successor shortly. The Company also announced the appointment of Joseph Hoffman as Chief Restaurant Officer, a new executive level position created to oversee Carrols’ restaurant operations, effective January 1, 2023. In his new role, which was approved by the Board on December 20, 2022, Mr. Hoffman will report directly to Interim President and CEO Anthony Hull. Mr. Hoffman served as Senior Vice President, Operations of Carrols from May 2022 to December 31, 2022, as a Division Vice President, Operations from June 2017 until April 2022, and as a Vice President, Region Director from June 1997 until May 2017. Mr. Hoffman has been an employee of Carrols since 1993, when he joined the Company as a District Manager.
Reported Earnings • Nov 16Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.20 loss in 3Q 2021)Third quarter 2022 results: US$0.17 loss per share (improved from US$0.20 loss in 3Q 2021). Revenue: US$444.0m (up 5.3% from 3Q 2021). Net loss: US$8.70m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 10Third quarter 2022 earnings released: US$0.17 loss per share (vs US$0.20 loss in 3Q 2021)Third quarter 2022 results: US$0.17 loss per share (improved from US$0.20 loss in 3Q 2021). Revenue: US$444.0m (up 5.3% from 3Q 2021). Net loss: US$8.70m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.
공시 • Oct 19Carrols Restaurant Group, Inc. to Report Q3, 2022 Results on Nov 09, 2022Carrols Restaurant Group, Inc. announced that they will report Q3, 2022 results on Nov 09, 2022
Reported Earnings • Aug 12Second quarter 2022 earnings released: US$0.52 loss per share (vs US$0.19 loss in 2Q 2021)Second quarter 2022 results: US$0.52 loss per share (down from US$0.19 loss in 2Q 2021). Revenue: US$441.9m (up 4.1% from 2Q 2021). Net loss: US$26.5m (loss widened 177% from 2Q 2021). Over the next year, revenue is forecast to grow 3.1%, compared to a 716% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
공시 • Jul 29Carrols Restaurant Group, Inc. to Report Q2, 2022 Results on Aug 11, 2022Carrols Restaurant Group, Inc. announced that they will report Q2, 2022 results at 7:00 AM, US Eastern Standard Time on Aug 11, 2022
공시 • Jun 26+ 1 more updateCarrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from Russell 2000 Value IndexCarrols Restaurant Group, Inc.(NasdaqGS:TAST) dropped from Russell 2000 Value Index
Reported Earnings • May 13First quarter 2022 earnings released: US$0.42 loss per share (vs US$0.14 loss in 1Q 2021)First quarter 2022 results: US$0.42 loss per share (down from US$0.14 loss in 1Q 2021). Revenue: US$399.5m (up 2.4% from 1Q 2021). Net loss: US$21.3m (loss widened 197% from 1Q 2021). Over the next year, revenue is forecast to grow 3.0%, compared to a 115% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.
공시 • Apr 06Carrols Restaurant Group, Inc. Announces Executive ChangesThe Board of Directors of Carrols Restaurant Group, Inc. appointed Paulo A. Pena as President of the company, effective April 1, 2022 (Effective Date). On April 1, 2022, the Board appointed Mr. Pena to the Board as a Class I director to fill the vacancy on the Board resulting from the retirement of Daniel T. Accordino as Chairman of the Board, President and as a Class I member of the Board on the Effective Date. On April 1, 2022, the Board appointed David S. Harris, the Lead Independent Director of the Board, as the non-executive Chairman of the Board effective on the Effective Date.
Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: US$0.86 loss per share (down from US$0.58 loss in FY 2020). Revenue: US$1.65b (up 6.8% from FY 2020). Net loss: US$43.0m (loss widened 46% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.5%, compared to a 108% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings.
공시 • Feb 24+ 1 more updateCarrols Restaurant Group, Inc Announces Executive ChangesCarrols Restaurant Group, Inc. announced that its Board of Directors has named Paulo Pena as the Company’s new 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. David S. Harris, a member of the Carrols Board since 2012 and its Lead Independent Director, will assume the role of Non-Executive Chairman effective April 1, 2022. Paulo Pena brings to Carrols over 20 years of operations and finance experience in the hospitality, quick service restaurant and beverage industries. Mr. Pena currently serves as Chief Operating Officer of Selina, one of the world’s fastest growing hospitality brands, where he was responsible for overall hotel operations for the company’s portfolio of over 95 properties.
공시 • Feb 04Carrols Restaurant Group, Inc. to Report Q4, 2021 Results on Feb 24, 2022Carrols Restaurant Group, Inc. announced that they will report Q4, 2021 results at 7:00 AM, US Eastern Standard Time on Feb 24, 2022
Reported Earnings • Nov 12Third quarter 2021 earnings released: US$0.20 loss per share (vs US$0.057 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$421.7m (up 3.6% from 3Q 2020). Net loss: US$9.90m (down 439% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 13Second quarter 2021 earnings released: US$0.19 loss per share (vs US$0.13 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$424.5m (up 15% from 2Q 2020). Net loss: US$9.56m (down 247% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance.
공시 • Aug 13+ 1 more updateCarrols Restaurant Group, Inc. Declares Special Cash DividendEffective August 12, 2021, the Board of Directors of the Carrols Restaurant Group, Inc. declared a special cash dividend of $0.41 per share on all of the issued and outstanding shares of the Company's common stock, including the Company's common stock issuable on the conversion of the Company's Series B Convertible Preferred Stock, which will be paid on October 5, 2021 to stockholders of record of the Company as of the close of business on August 25, 2021.
Executive Departure • Aug 05VP & COO Carl Hauch has left the companyOn the 30th of July, Carl Hauch's tenure as VP & COO ended after less than a year in the role. As of March 2021, Carl still personally held 250.00k shares (€1.3m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years.
Executive Departure • Jul 15Independent Director Christopher Finazzo has left the companyOn the 6th of July, Christopher Finazzo's tenure as Independent Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Christopher's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.08 years.
Reported Earnings • May 14First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.41 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$390.0m (up 11% from 1Q 2020). Net loss: US$7.17m (loss narrowed 66% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Mar 13Independent Director recently bought €417k worth of stockOn the 8th of March, Matthew Perelman bought around 75k shares on-market at roughly €5.56 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €666k more in shares than they have sold in the last 12 months.
Is New 90 Day High Low • Mar 13New 90-day high: €5.95The company is up 6.0% from its price of €5.60 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.06 per share.
Reported Earnings • Mar 04Full year 2020 earnings released: US$0.58 loss per share (vs US$0.73 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$1.55b (up 5.8% from FY 2019). Net loss: US$29.5m (loss narrowed 7.7% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Mar 04Revenue misses expectationsRevenue missed analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 3.3%, compared to a 18% growth forecast for the Hospitality industry in Germany.
공시 • Feb 18Carrols Restaurant Group, Inc. to Report Q4, 2020 Results on Mar 03, 2021Carrols Restaurant Group, Inc. announced that they will report Q4, 2020 results at 7:00 AM, US Eastern Standard Time on Mar 03, 2021
공시 • Feb 11Carrols Restaurant Group, Inc. Appoints Jared L. Landaw as Vice President and General CounselCarrols Restaurant Group, Inc. announced that it has appointed Jared L. Landaw as the company’s Vice President and General Counsel, effective February 8, 2021. Prior to joining Carrols, Mr. Landaw was the Chief Operating Officer and General Counsel of Barington Capital Group, L.P., a value-oriented investment firm, where he has worked since June 2004. Prior to that, he served as the Vice President of Law at International Specialty Products Inc. and as an attorney at Skadden, Arps, Slate, Meagher & Flom LLP.
공시 • Feb 10Carrols Restaurant Group, Inc. Appoints Carl Hauch as Chief Operating Officer, Effective February 15, 2021Carrols Restaurant Group, Inc. announced that it has appointed Carl Hauch as the Company’s Chief Operating Officer, effective February 15, 2021. Most recently, he served as the President and CEO of the Wendy’s division of NPC international.
Recent Insider Transactions • Nov 21Independent Director recently bought €249k worth of stockOn the 17th of November, Matthew Perelman bought around 56k shares on-market at roughly €4.42 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €721k more in shares than they have sold in the last 12 months.
Is New 90 Day High Low • Nov 14New 90-day low: €4.28The company is down 29% from its price of €6.00 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.12 per share.
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS US$0.069The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$407.0m (up 1.2% from 3Q 2019). Net income: US$3.53m (up US$10.3m from 3Q 2019). Profit margin: 0.9% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 109% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 07Revenue beats expectationsRevenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 2.8% compared to a 5.0% decline forecast for the Hospitality industry in Germany.
Is New 90 Day High Low • Oct 30New 90-day low: €5.05The company is down 4.0% from its price of €5.25 on 31 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Hospitality industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.07 per share.
Is New 90 Day High Low • Oct 12New 90-day high: €6.25The company is up 52% from its price of €4.10 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.95 per share.
공시 • Jul 24Carrols Restaurant Group, Inc. to Report Q2, 2020 Results on Aug 06, 2020Carrols Restaurant Group, Inc. announced that they will report Q2, 2020 results at 7:00 AM, US Eastern Standard Time on Aug 06, 2020
