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TAST

Carrols Restaurant

$11.60

-0.4 (-3.33%)

07:06
08/09/17
08/09
07:06
08/09/17
07:06

Carrols Restaurant raises FY sales view to $1.05B-$1.07B from $1.03B-$1.06B

Consensus is $1.05B. Sees FY comparable restaurant sales up 2%-3%. Sees commodity cost increases of 2% to 4% including an 8% to 10% increase in beef costs; previously 1% to 3% including a 2% to 4% increase in beef costs.

TAST Carrols Restaurant
$11.60

-0.4 (-3.33%)

06/12/17
RAJA
06/12/17
NO CHANGE
Target $17
RAJA
Strong Buy
Carrols Restaurant recent weakness a buying opportunity, says Raymond James
Raymond James analyst Brian Vaccaro said near-term beef concerns has created an attractive entry point for Carrols Restaurant shares. The analyst said near-term comp acceleration will more than offset beef costs that he expects to moderate. With shares down approximately 10% in the past month, he would buy shares as he expects margin visibiliy to improve later in the year. Vaccaro rates Carrols a Strong Buy with a $17 price target.

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GAMCO Investors

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CC

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