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Carrols Restaurant Group, Inc. (TAST) is a holding company and conducts all of its operations through its direct and indirect subsidiaries. The Company operates in the hamburger category of the quick-service restaurant segment of the restaurant industry.
It is a Burger King franchisee and operates Burger King restaurants.
As of October 2015, the Company owned and operated 665 Burger King restaurants located in 15 Northeastern, Midwestern and Southeastern states. Burger King restaurants feature the flame-broiled Whopper sandwich, as well as a range of hamburgers, chicken and other specialty sandwiches, French fries, salads, breakfast items, snacks, smoothies, frappes and other offerings. The Company ownes 10 and leased 664 Burger King restaurant properties, including seven restaurants located in mall shopping centers, two restaurants located on military bases and 21 co-branded locations.
Shares are heading higher in an "upward trading channel." Presently, shares are the lower boundary of the said channel. Higher share prices are expected for this stock.
52-Weeks Trading Range: $7.80 - $14.80
Entry Point: $13.50
Stop Loss: $12.80
Target Price: $14.85
TAST closed at $14.36
