Carrols Restaurant Group, Inc. (TAST) News
Filter TAST News Items
TAST News Results
|Event/Time||Symbol||Company||News Detail||Start||End||Change||POWR Rating|
|Loading, please wait...|
Latest TAST News From Around the Web
Below are the latest news stories about Carrols Restaurant Group Inc that investors may wish to consider to help them evaluate TAST as an investment opportunity.
Moody's Investors Service, ("Moody's") today assigned a B3 rating to Carrols Restaurant Group, Inc.'s ("Carrols") proposed $50 million term loan add-on. The net proceeds will be used to repay outstanding loans under the company's revolving credit facility, thereby improving liquidity. Carrols' B3 corporate family rating, B3-PD probability of default rating, B3 first lien bank loan and SGL-3 speculative grade liquidity ratings remain unchanged.
Image source Restaurateurs have been tested perhaps as much as any other group during the COVID-19 crisis. Many restaurants were shut down entirely for some period, or were operating at extremely reduced capacity, making it difficult for large and small restaurant business alike to stay afloat while waiting for a...
Carrols Restaurant Group, Inc. Changes to Virtual Only Meeting Format for 2020 Meeting of Stockholders
Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (Nasdaq: TAST) today announced that due to the public health impact of the coronavirus outbreak (COVID-19) and to support the health and well-being of the Company’s management, stockholders and other meeting participants, the Company's 2020 Annual Meeting of Stockholders will be changed from a hybrid meeting (in person and virtual meeting) to a virtual only meeting to be held solely by means of remote communication. Stockholders will not be able to attend the 2020 Annual Meeting of Stockholders in person.
With that, I will now turn the call over to our chairman and CEO, Dan Accordino. As you will recall from our Q4 call, we began 2020 with optimism with respect to what we intended to accomplish this year in improving operations across our restaurants, resetting our priorities in terms of capital allocation, and generating free cash flow.
Carrols Restaurant (TAST) delivered earnings and revenue surprises of 0.00% and -3.14%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Carrols Restaurant Group (NASDAQ:TAST) rose 2.3% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 31.03% year over year to ($0.38), which missed the estimate of ($0.35).Revenue of $351,518,000 rose by 20.88% year over year, which missed the estimate of $366,860,000.Outlook Carrols Restaurant Group hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: May 07, 2020View more earnings on TASTTime: 08:02 AM ETWebcast URL: https://edge.media-server.com/mmc/p/tutvg7wnPrice Action Company's 52-week high was at $10.6552-week low: $0.98Price action over last quarter: down 28.57%Company Overview Carrols Restaurant Gro...
Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter 2020 and Provides Business Update
Carrols Restaurant Group, Inc. ("Carrols" or the "Company") (Nasdaq: TAST) today reported financial results for the first quarter ended March 29, 2020 and provided a business update.
Carrols Restaurant Group, Inc. -- Moody's announces completion of a periodic review of ratings of Carrols Restaurant Group, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Carrols Restaurant Group, Inc. New York, May 04, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Carrols Restaurant Group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Analysts Estimate Carrols Restaurant Group (TAST) to Report a Decline in Earnings: What to Look Out for
Carrols Restaurant (TAST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
If you're interested in Carrols Restaurant Group, Inc. (NASDAQ:TAST), then you might want to consider its beta (a...