Key Developments: Carrols Restaurant Group Inc (TAST.O)

TAST.O on Nasdaq

7.34USD
23 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Carrols Restaurant Group Inc completes acquisition of 30 BURGER KING Restaurants in North Carolina
Thursday, 9 Oct 2014 11:17am EDT 

Carrols Restaurant Group Inc:Says on Oct. 8, it completed previously announced acquisition of 30 BURGER KING(reg) restaurants located in eastern North Carolina.  Full Article

Carrols Restaurant Group Inc to Purchase 30 Burger King Restaurants in North Carolina
Thursday, 18 Sep 2014 04:58pm EDT 

Carrols Restaurant Group Inc:On Sept. 18, it exercised right of first refusal to purchase 30 BURGER KING(reg) restaurants in eastern North Carolina under same terms and conditions of existing purchase and sale agreement between the sellers and unrelated third party.Total purchase price is about $20 million payable in cash at closing, and assets to be purchased include 12 fee-owned properties.Transaction is expected to be completed in early Oct.  Full Article

Carrols Restaurant Group Inc signs agreements to purchase 64 Burger King restaurants in Tennessee, Indiana and Illinois
Friday, 22 Aug 2014 10:50am EDT 

Carrols Restaurant Group Inc:Signed definitive agreements to purchase 64 BURGER KING restaurants from certain subsidiaries of Heartland Food LLC for a total cash purchase price of about $18.0 million excluding inventory.  Full Article

Carrols Restaurant Group Inc lowers high end of prior FY 2014 revenue outlook to a range in line with analysts' estimates; lowers FY 2014 comparable restaurant sales and EBITDA outlook
Tuesday, 5 Aug 2014 07:00am EDT 

Carrols Restaurant Group Inc:Expects FY 2014 total restaurant sales of $665-$675 mln, including a comparable restaurant sales change of (1 pct) to 0 pct.Expects FY 2014 adjusted EBITDA of $36 - $40 mln.FY 2014 revenue of $673 mln, EBITDA of $40 mln - Thomson Reuters I/B/E/S.  Full Article

Carrols Restaurant Group Inc reaffirms FY 2014 outlook
Tuesday, 6 May 2014 07:00am EDT 

Carrols Restaurant Group Inc:Expects FY 2014 total restaurant sales of $665 -$680 mln including a comparable restaurant sales increase of 1.5-3.5 pct.Expects FY 2014 adjusted EBITDA of $38 - $42 mln.FY 2014 revenue of $667 mln, EBITDA of $39 mln - Thomson Reuters I/B/E/S.  Full Article

Carrols Restaurant Group Inc announces pricing of public offering of common stock
Thursday, 24 Apr 2014 08:20pm EDT 

Carrols Restaurant Group Inc:Announces pricing of public offering of 10,000,000 shares of common stock at a price of $6.20 per share.The Public Offering was upsized from the previously announced offering size of up to $60,000,000 of common stock.The underwriters have also been granted a 30 day option by the company to purchase up to an additional 1,500,000 shares of common stock offered in the Public Offering.The closing of the offering is expected to occur on April 30, 2014.The Company intends to use the net proceeds of the Public Offering to accelerate the remodeling of the Company's restaurants to Burger King Corporation's 20/20 restaurant image, to acquire additional franchised Burger King restaurants.And, to a lesser extent, develop new restaurants and for other general corporate purposes.Raymond James & Associates, Inc. and Stephens Inc. are serving as joint book-running managers.  Full Article

Carrols Restaurant Group Inc announces commencement of public offering
Wednesday, 16 Apr 2014 08:23am EDT 

Carrols Restaurant Group Inc:Public offering of up to $60 mln of common stock.Underwriters granted 30-day option by company to purchase up to an additional 15 pct.Use net proceeds to accelerate remodeling of company's restaurants to Burger King Corporation's 20/20 restaurant image.In addition to acquire additional franchised Burger King restaurants, and, to lesser extent, develop new restaurants and for other general corporate purposes.Raymond James & Associates, Inc. and Stephens Inc. are serving as joint book-running managers for public offering.  Full Article

Carrols Restaurant Group Inc gives FY 2014 revenue guidance in line with analysts' estimates; Comments on FY, Q1 2014 comparable restaurant sales guidance
Thursday, 27 Feb 2014 07:00am EST 

Carrols Restaurant Group Inc:Expects fiscal 2014 total restaurant sales of $665 million to $680 million including a comparable restaurant sales increase of 1.5 pct. to 3.5 pct.Expects comparable restaurant sales to decrease 1.5 pct. to 2.5 pct. in the first quarter of 2014 as a result of severe winter weather.Fiscal 2014 revenue of $668 million - Thomson Reuters I/B/E/S.  Full Article

Carrols Restaurant Group Inc Lowers High End Of Prior FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Comments On Q4 2013 Comparable Restaurant Sales Guidance
Tuesday, 5 Nov 2013 07:00am EST 

Carrols Restaurant Group Inc announced that for fiscal 2013, it expects total restaurant sales of $660 million to $665 million ($660 million-$680 million previously) including a comparable restaurant sales increase of 2.0% to 2.5% in the fourth quarter. The Company expect fourth quarter 2013 comparable restaurant sales to increase 2.0% to 2.5%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $665 million for fiscal 2013.  Full Article

Carrols Restaurant Group Inc Lowers FY 2013 Guidance; Lowers FY 2013 Comparable Restaurant Sales Guidance
Tuesday, 6 Aug 2013 07:00am EDT 

Carrols Restaurant Group Inc announced that for fiscal 2013, it expects total restaurant sales of $660 million to $680 million including a comparable restaurant sales increase at legacy restaurants of 1.5% to 3.5%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $687 million for fiscal 2013.  Full Article

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