Long Position on TAST @ $7.60 on 11/27/2023 (Fundamentals)

Carrols Restaurant Group, Inc. (TAST), through its subsidiaries, operates as a restaurant company in the United States.

The company operates as a Burger King and Popeyes franchisee. The company was founded in 1960 and is headquartered in Syracuse, New York.

Carrols Restaurant Group Inc owns and operates more than 674 restaurants under the Burger King brand in 15 Northeastern, Midwestern and Southeastern states.

TAST reported earnings on Thursday, November 9th.

Carrols Restaurant Group reported earnings of $0.16 per share on revenue of $475.76 million for the third quarter ended September 2023. The consensus earnings estimate was $0.07 per share on revenue of $468.94 million. The company beat consensus estimates by 128.57% while revenue grew 7.16% on a year-over-year basis.

With a 160% year over year earnings per share, shares should continue on this upwards momentum.

Entry Point: $7.60

Trading Range: $1.31 - $8.05

Stop Loss: $7.25

Target Price: $8.35

Position closed on 12/26/2023 at price of $7.65 with a 0.66% gain in 29 days.

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