TAST - Despite Operating Challenges Carrols Restaurant Group Is Focused And Comes With A Very Reasonable Valuation
We are continuing to expand our research coverage universe and, today, are initiating coverage of Carrols Restaurant Group (TAST) with a "3" rating, our highest. Carrols is the largest global franchisee of Burger King restaurants, having amassed a collection of more than 1,000 units since 1976. They also recently acquired more than 50 Popeye's locations, which seemed logical, given that both brands are now owned by another company we follow, 2-rated franchisor specialist Restaurant Brands International (QSR).
We went back and forth on how to rate TAST initially, as the