One Group Hospitality buys Benihana parent for $365M [Yahoo! Finance]
Carrols Restaurant Group, Inc. (TAST)
Last carrols restaurant group, inc. earnings: 2/25 07:00 am
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Source: Yahoo! Finance
The transaction is expected to close by the end of the second quarter. The deal will be financed by $160 million in preferred equity and a portion of a $390 million term loan and credit facility. Benihana, which has 88 company-owned units, will add $514 million in trailing 12-month revenue and about $70 million in annual run-rate EBITDA to One Group's balance sheet. The acquisition marks the first transaction One Group has made since it bought once-bankrupt Kona Grill in 2019 for $25 million Dive Insight: This transaction represents significant growth potential for One Group. It will more than double One Group's current venue count, which is currently at 63 split between brands STK and Kona Grill, to 168. Systemwide revenue will increase to over $1 billion from $436 million, according to the press release. “With Benihana joining The ONE Group's platform, our combined annualized EBITDA enhances our ability to continue to fully fund our expansion while delivering meaningful fr
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News
- Carrols Restaurant Group, Inc. (NASDAQ: TAST) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Carrols Restaurant Group, Inc. (NASDAQ: TAST) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Traditional Fast Food Stocks Q3 Recap: Benchmarking Carrols (NASDAQ:TAST) [Yahoo! Finance]Yahoo! Finance
- Carrols Restaurant Group, Inc. (NASDAQ: TAST) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- TAST Alert: Monsey Firm of Wohl & Fruchter Renews Investigation of the Proposed Sale of Carrols Restaurant Group to Restaurant Brands InternationalGlobeNewswire
TAST
Earnings
- 11/9/23 - Beat
TAST
Sec Filings
- 4/19/24 - Form SC
- 4/12/24 - Form SC
- 4/12/24 - Form DEFM14A
- TAST's page on the SEC website