TAST - キャロルズ・レストラン・グル―プ （Carrols Restaurant Group Inc.）

Carrols Restaurant could have a much better 2 years ahead and TAST stock might hammer out to a meaningful bottom. Yet see why I continue to favor other names.

NEW YORK, USA – Whether they are selling burgers, pizza, or pancakes, major US restaurant chains are short-staffed – and they expect to stay that way. To get by with their existing workforce, they have cut hours and streamlined operations. Staffing at IHOP and at Applebee’s Grill + Bar chains, both owned by Dine Brands Global, is currently at about 90% of 2019 levels – the status quo for at least the past four quarters, chief executive officer John Peyton told Reuters, calling it “the new normal.” IHOP, known for its 24/7 service, is shortening hours at about 400 locations, or almost a quarter of its US restaurants, because they lack overnight shift workers, Peyton said. Restaurants are now facing the grim reality that they are coming out of the COVID-19 pandemic with fewer workers for the long haul, as many had to slash staffing in the early days of lockdowns. Now they are putting employees where they are needed most, using technology to plug gaps, and adapting to post-pandemic consumer habits that favor kiosks, delivery, and drive-thrus over cashiers at registers.

Carrols Restaurant Group, Inc. (NASDAQ:NASDAQ:TAST) Q2 2022 Earnings Conference Call August 11, 2022 8:30 AM ET Company Participants Gretta Miles - Controller Paulo Pena - CEO, President…

Carrols Restaurant Group Misses Q2 EPS by 5c, Revenue Beats

Carrols Restaurant press release (TAST): Q2 Non-GAAP EPS of -$0.18 misses by $0.09.Revenue of $441.95M (+4.1% Y/Y) beats by $7.52M.Comparable restaurant sales for Burger…

Burger King''s largest franchisee, Carrols Restaurant Group, revealed that the fast-food giant has reduced the number of chicken nuggets in its meals from 10 pieces to eight.

(Bloomberg) -- Carrols Restaurant Group Inc., the largest Burger King owner in the U.S., is cutting its chicken-nugget portion sizes as surging beef and wage costs hit profit.

Carrols Restaurant press release (TAST): Q4 Non-GAAP EPS of -$0.15 beats by $0.10.Revenue of $416.1M (-1.1% Y/Y) beats by $7.97M.

Zacks Investment Research cut shares of Carrols Restaurant Group (NASDAQ:TAST) from a hold rating to a strong sell rating in a report released on Wednesday morning, Zacks.com reports. According to Zacks, Carrols Restaurant Group is the largest BURGER KING franchisee in the U.S., with over 800 restaurants and has operated BURGER KING restaurants since 1976. []

Carrols Restaurant Group Inc. (NASDAQ:TAST)s traded shares stood at 0.38 million during the last session, with the companys beta value hitting 2.68. At the close of trading, the stocks price was $3.67, to imply a decrease of -0.54% or -$0.02 in intraday trading. The TAST shares 52-week high remains $7.34, putting it -100.0% down since Carrols Restaurant Group Inc. (NASDAQ: TAST)s -10.05-Percent Loss Of This Past Week Taught Us Something New Read More »

Craig Hallum lowered shares of Carrols Restaurant Group (NASDAQ:TAST) from a buy rating to a hold rating in a report released on Wednesday morning, Analyst Ratings Network reports. Craig Hallum currently has $5.00 target price on the restaurant operators stock, down from their previous target price of $7.00. A number of other brokerages have also []

Analysts predict that Carrols Restaurant Group, Inc. (NASDAQ:TAST) will announce earnings per share (EPS) of ($0.06) for the current quarter, Zacks reports. Three analysts have made estimates for Carrols Restaurant Groups earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.03). Carrols Restaurant Group reported earnings of $0.09 per share in the same []

SYRACUSE, N.Y., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols" or the Company) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today announced that Daniel T. Accordino, Chairman and Chief Executive Officer, and Anthony E. Hull, Chief Financial Officer, will host a conference call to discuss the Companys third quarter 2021 financial results on Wednesday, November 10, 2021 at 8:00 a.m. (ET). A press release reporting the Companys financial results will be issued at 7:00 a.m. (ET) that same day.