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Amazing how much has changed in just ten years. No longer owners of Pollo or Taco Cabana, now owned by RBI, and now franchising Popeyes Chicken, which is about 5% of their restaurant portfolio if I recall correctly.
Are you still a BK fan? Invested in TAST? I'm long 11,000 shares here now.
Seems like RBI has proved to be great mgmt. for BK. Are you a shareholder here now?
Seems like RBI has proved to be great mgmt. for BK. Are you a shareholder here now?
New CEO since then. Named PENA. He seems good! And QSR unveils a turnaround plan for domestic BK next month.
News: $TAST Carrols Restaurant Group, Inc. Names Timothy J. LaLonde as Interim Chief Financial Officer
Previously Served as Vice President, Controller of Carrols for 20 Years Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) announced that it has named Timothy “Tim” J. LaLonde as interim Chief Financial Officer, interim Tr...
Find out more TAST - Carrols Restaurant Group, Inc. Names Timothy J. LaLonde as Interim Chief Financial Officer
pollo tropical is a great place to eat.. they have them all over south florida...
$TAST recent news/filings
bullish
## source: finance.yahoo.com
Wed, 06 May 2015 19:58:58 GMT ~ CARROLS RESTAURANT GROUP, INC. Files SEC form 10-Q, Quarterly Report
read full: http://biz.yahoo.com/e/150506/tast10-q.html
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Tue, 05 May 2015 12:13:24 GMT ~ Carrols Restaurant reports 1Q loss
read full: http://sg.finance.yahoo.com/news/carrols-restaurant-reports-1q-loss-121324735.html
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Tue, 05 May 2015 12:13:24 GMT ~ Carrols Restaurant reports 1Q loss
read full: http://finance.yahoo.com/news/carrols-restaurant-reports-1q-loss-121324882.html
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Tue, 05 May 2015 11:20:37 GMT ~ Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter of 2015
[at noodls] - May 5, 2015 Company Raises Outlook SYRACUSE, N.Y.--(BUSINESS WIRE)-- Carrols Restaurant Group, Inc. ('Carrols' or the 'Company') (Nasdaq:TAST) today announced financial results for the first quarter ended ...
read full: http://www.noodls.com/view/27D12C55CF9605CFE8C3E79CA567614AF975C7AE
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Tue, 05 May 2015 11:08:32 GMT ~ CARROLS RESTAURANT GROUP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement
read full: http://biz.yahoo.com/e/150505/tast8-k.html
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$TAST charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$TAST company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/TAST/company-info
Ticker: $TAST
OTC Market Place: Not Available
CIK code: 0000809248
Company name: Carrols Restaurant Group, Inc.
Incorporated In: DE, USA
$TAST share structure
## source: otcmarkets.com
Market Value: $337,128,030 a/o May 06, 2015
Shares Outstanding: 35,487,161 a/o Feb 27, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$TAST extra dd links
Company name: Carrols Restaurant Group, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/TAST/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/TAST/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=TAST+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=TAST+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=TAST+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/TAST/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/TAST/news - http://finance.yahoo.com/q/h?s=TAST+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/TAST/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/TAST/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/TAST/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/TAST/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/TAST/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/TAST/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/TAST/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/TAST/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=TAST+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/TAST
DTCC (dtcc.com): http://search2.dtcc.com/?q=Carrols+Restaurant+Group%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Carrols+Restaurant+Group%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Carrols+Restaurant+Group%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/TAST/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/TAST
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/TAST/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/TAST/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/TAST/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000809248&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/TAST/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/TAST/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/TAST/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/TAST/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=TAST&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=TAST
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/TAST/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=TAST+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=TAST+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=TAST
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=TAST
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=TAST+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/TAST/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=TAST+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/TAST.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=TAST
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/TAST/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/TAST/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/TAST/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/TAST/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/TAST
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/TAST
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/TAST:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=TAST
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=TAST
$TAST DD Notes ~ http://www.ddnotesmaker.com/TAST
I am sure Burger king may lose some misguided Americans and communist agitators but the fact is if you can afford Burger king you will continue to buy Burger King. I can say this with reasonable assurance having some experience in marketing; one of the things BK does McD does not is sell Onion rings this is very big to those that do not like fries, also the flame broiled flavoring is preferred by people going to BK or they would naturally save the difference. Burger King will keep the majority of its base regardless of the communist agitators and misguided sheepole.
I have often wondered how places like BK and Dairy Queen could stay in business given the price bump at their restaurants over McDonalds well there is so much research into preferences location and marketing that goes into locating these businesses unless the franchisee is completely incompetent they can not lose.
Did you here ; the Oracle of Omaha, uncle Buffet is behind the financing. He apparently is not taking a position in either company just financing the deal. That would be the only concern to me, the conditions of the financing as Buffet is not known for his generosity and could wind up with the whole kitten kabuttle.
Will Burger King get burned by Canada move?
http://www.usatoday.com/story/money/business/2014/08/26/burger-king-tim-hortons-merge/14608907/
If this ever falls behind in its reporting obligations the symbol will look cool. $TASTE However, investors would like to avoid any correct spellings. I will take a trip and investigate the joint if they get close.
Apparently this is a similar stock to $HOTTas they just own and operate many franchises.
I like your thinking though. Expecting this one to grow as well.
Carrols will have roughly ¼ of the Burger king restaurants franchised on closing, now that is an awful lot, I don’t care who you are. I like burger king, they just cost so much more than the competition, I have never been to a Carrel’s JR. but they are just as if not more expensive, at least where I live.
Story of my life, just read the news on this one today on FB , strong probability of Burger king being sold to some Canadians so I came here to take a look and missed it by 2 days.
Chart has been running steady for a while now, long time in fact. Starting to look interesting. So what say ye?
Keep in mind they split their business interest and paid it out in a dividend; that was the reason for the sudden drop in share price. They were to concentrate on the Burger King side and throw everything at that.
They just settled a lawsuit with the EEOC, the class action status was dropped and an award of 2.5 million to the remaining complainants’.
Just looking at the chart when it goes up it is fast and quite a bit and this is one of the longest flat spells it has had in quite a while.
BK introduces the Bacon Sundae...
http://www.examiner.com/article/burger-king-introduces-new-bacon-sundae
I saw this today on my L2 (from your message) when it was at 4.15 X 4.20 lol I passed it up and went long CLWR lol
Looks like the market is figuring out they did not spin off 2/3rds of the company but about 2/5th and the long term debt (most likely dilutive financing) and they will be roughly doubling their size in the Burger King Restraint chain with a 5% positive growth year over year.
On May 7, 2012, Carrols Restaurant Group completed the spin-off (the “ Spin-Off ”) of the Company to its stockholders with each stockholder of Carrols Restaurant Group receiving one share of the Company’s common stock, par value $0.01 per share, for every share of Carrols Restaurant Group’s common stock held of record at the close of business on April 26, 2012, the record date of the Spin-Off. In connection with the Spin-Off, Carrols Restaurant Group’s stockholders received 100% of the Company’s outstanding common stock. The Company’s common stock trades on The NASDAQ Global Select Market under the symbol “FRGI”. Carrols Restaurant Group’s common stock continues to trade on The NASDAQ Global Market under the symbol “TAST”.
http://ih.advfn.com/p.php?pid=nmona&article=52328743
Guess I should've read this, instead of just looking at the numbers...
Given that the spin-off of Fiesta Restaurant Group, Inc. to the Company’s stockholders is nearing completion, the Company is providing limited guidance for each of Carrols Restaurant Group, Inc. and Fiesta Restaurant Group, Inc. Additional guidance for each company may be provided once the spin-off is completed.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73759467
EDIT: Looks like there was an AH trade for FRGI that brought it down to $11.50
Looks like FRGI traded today had a range of $10.95 to $11.93 with a close of $11.50
http://stockcharts.com/h-sc/ui
I think I hub needs to update their link.
I see, thanks for your reply.
Rich see your post 11-13 TAST spun off its most profitable restaurants and they started trading today under FRGI around $11.10 at the time I checked there had been no trades. One thing I found interesting is the majority of the financing went with the spin off; if I had to guess it would be dilutive financing. Also interest on this financing was also just slightly higher than revenues. It also looked to me that TAST is now primarily a Burger King Franchise holder. They were also loosing money.
Just started listening to the CC, I got in late. I was hoping the CEO would address this. May have to listen to the archive later.
Me either. Unless they were predicting bad financials, jmo.
Looks like a good time for a bounce.
Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter of 2012 & Announces Completion of the Spin-off...
Today : Tuesday 8 May 2012
Carrols Restaurant Group, Inc. (“Carrols”) (NASDAQ: TAST) today announced financial results for the first quarter ended April 1, 2012. It also reported that it completed the spin-off of Fiesta Restaurant Group, Inc. ("Fiesta") to its stockholders on May 7, 2012.
Financial results for the first quarter include Fiesta, which owns and operates the Pollo Tropical® and Taco Cabana® brands, as the spin-off was completed after the first quarter had concluded. Fiesta is now an independent, public company and its common stock is traded on The NASDAQ Global Select Market under the symbol FRGI.
Highlights for the first quarter of 2012 versus the first quarter of 2011 include:
•Total revenues grew 7.3% to $211.6 million in the first quarter of 2012 compared to $197.2 million in the first quarter of 2011. Revenues for Fiesta grew 9.1% to $126.1 million from $115.6 million in the year-ago period.
•Comparable restaurant sales increased 5.9% at Burger King®, 9.4% at Pollo Tropical, and 6.1% at Taco Cabana;
•Net loss for the first quarter of 2012 was $3.5 million, or $0.16 per diluted share, compared to net income of $2.2 million, or $0.10 per diluted share in the first quarter of 2011; and
•Earnings in the first quarter of 2012 included certain charges totaling $9.8 million, or $0.32 per diluted share after tax, consisting of impairment and other lease charges, stock-based compensation expense related to stock option conversion charges in connection with the spin-off and accelerated vesting of certain restricted stock, and spin-off and acquisition related expenses. Earnings in the first quarter of 2011 included impairment and other lease charges of $1.1 million, or $0.03 per diluted share after tax, and spin-off related expenses of $0.3 million, or $0.01 per diluted share after tax.
As of April 1, 2012, Carrols owned and operated 297 Burger King restaurants and Fiesta owned and operated 86 Pollo Tropical and 157 Taco Cabana restaurants, and franchised 38 restaurants. Seven restaurants were closed during the period, including one Burger King restaurant, five Pollo Tropical restaurants and one Taco Cabana restaurant.
Commenting on Carrols’ Burger King restaurant business, Dan Accordino, Chief Executive Officer of Carrols, said, “During the first quarter, Burger King generated a solid 5.9% increase in comparable restaurant sales along with an improvement in restaurant-level profitability. Burger King is undergoing a broad-based repositioning including changes and enhancements to its existing products and menu, food preparation, brand image and marketing. These are transformational strategic initiatives focused on expanding the brand's reach to a more diverse consumer base, which we believe will contribute to continued improvements in the performance of both the Burger King system and Carrols’."
Accordino continued, "With the Fiesta spin-off behind us, we are now solely focused on the considerable opportunities available to us within the Burger King system. We believe that our pending acquisition of 278 Burger King restaurants from Burger King Corporation, and particularly the strategic nature of this transaction, will position the Company for long-term growth.”
Commenting on Fiesta’s Pollo Tropical and Taco Cabana restaurant businesses, Tim Taft, Chief Executive Officer of Fiesta said, "Today is a momentous day for Fiesta as it officially began life as a separate public company. We are excited and confident about our future and look forward to Pollo and Taco reaching their full potential. Fiesta got off to a very strong start in 2012. Successful product promotions continued to drive strong comparable restaurant sales growth and improvements in overall restaurant profitability. We are certainly encouraged by our current positive momentum.”
Taft continued, “Our strategic focus is three-fold: first, to grow comparable restaurant sales by accentuating our brands’ competitive qualities; second, to develop new units and selectively remodel existing locations; and finally, to improve operating margins through sales leverage and supply chain initiatives. As our first quarter results suggest, we believe that we are executing well against these initiatives and are confident that both brands have compelling long-term opportunities.”
First Quarter 2012 Financial Results
Total revenues grew 7.3% to $211.6 million in the first quarter of 2012 compared to $197.2 million in the first quarter of 2011. Burger King revenues grew 4.7% to $85.5 million in the first quarter of 2012 from $81.6 million in the first quarter of 2011. Burger King comparable restaurant sales increased 5.9%.
Fiesta revenues grew 9.1% to $126.1 million in the first quarter of 2012 from $115.6 million in the first quarter of 2011. Pollo Tropical revenues grew 10.7% to $57.8 million, including a comparable restaurant sales increase of 9.4%. Taco Cabana revenues grew 7.8% to $68.3 million, including a comparable restaurant sales increase of 6.1%.
General and administrative expenses were $17.4 million in the first quarter of 2012 compared to $13.9 million in the year-ago period. Included in general and administrative expenses were $1.5 million ($0.05 per diluted share after tax) of expenses related to the spin-off of Fiesta and expenses incurred in connection with the planned acquisition of 278 Burger King restaurants from Burger King Corporation (“BKC”). Also included in the first quarter of 2012 were $1.4 million ($0.05 per diluted share after tax) of expenses (primarily stock-based compensation) related to the conversion of employee stock options to restricted stock in connection with the spin-off and for the accelerated vesting of restricted stock held by Fiesta's former Chairman of the Board.
Impairment and other lease charges were $6.9 million ($0.22 per diluted share after tax) in the first quarter of 2012 and were related to the closure of five Pollo Tropical restaurants in New Jersey and for the impairment of two Taco Cabana restaurants.
Income from operations was $1.3 million in the first quarter of 2012 compared to $7.9 million in the first quarter of 2011.
Interest expense increased to $6.3 million during the first quarter of 2012 from $4.6 million in the year-ago period due to a higher debt balance and higher borrowing rates.
Net loss for the first quarter of 2012 was $3.5 million, or $0.16 per diluted share, compared to net income of $2.2 million, or $0.10 per diluted share, in the first quarter of 2011. Earnings in the first quarter of 2012 included the aforementioned charges totaling $9.8 million, or $0.32 per diluted share after tax. Earnings in the first quarter of 2011 included impairment and other lease charges of $1.1 million, or $0.03 per diluted share after tax, and spin-off related expenses of $0.3 million, or $0.01 per diluted share after tax.
Full Year 2012 Guidance
The following annual outlook is being provided for Carrols and Fiesta, respectively.
Carrols (Burger King Restaurants)
•Comparable restaurant sales are expected to increase 3% to 5%;
•Commodity costs are expected to increase 3% to 4%;
•Two restaurants are expected to close in 2012;
•Annualized run rate for general and administrative expenses (excluding stock compensation) is expected to be approximately $20 to $ 22 million following the spin-off of Fiesta;
•The Company currently expects to record an income tax benefit for all of 2012 ranging from $0.7 million to $1.3 million due in part to the deductibility of stock compensation costs related to the conversion of outstanding stock options in the first quarter of 2012; and
•Capital expenditures of approximately $30 million to $35 million including $19 million to $24 million for remodeling more than 50 restaurants.
As previously announced, on March 26, 2012, Carrols entered into an asset purchase agreement for the purchase (through its operating subsidiary Carrols LLC) of 278 BKC company-owned restaurants in the Ohio, Indiana, Kentucky, Pennsylvania, North Carolina, South Carolina, and Virginia markets. Total cash consideration is approximately $15.8 million including $3.8 million to be paid over five years. Non-cash consideration to BKC includes a 28.9% equity ownership in Carrols Restaurant Group (subject to certain limitations).
The acquisition of BKC's restaurants is conditioned upon, among other things, completion of a financing, which along with anticipated operating cash flows, will be used to: (i) fund the remodeling of approximately 450 Burger King restaurants over the next three and half years, (ii) fund the cash paid to BKC in connection with the transaction, and (iii) refinance outstanding borrowings under Carrols LLC's existing senior secured credit facility. The Company currently anticipates the sale of $140 million to $150 million of senior secured second lien notes in a private offering and entering into a new senior secured revolving credit facility. The Company currently anticipates completion of the financing and the closing of the acquisition to occur in May 2012 although there can be no assurance that the financing or the acquisition will be completed within such timeframe or at all.
The financial impact on Carrols of the potential acquisition, including expected operating improvements of the acquired restaurants and other synergies that may be realized over time, is not included in the outlook detailed above. Capital expenditures have been adjusted to reflect the Company’s accelerated remodeling of its restaurants in anticipation of the acquisition.
Fiesta (Pollo Tropical and Taco Cabana Brands)
•Comparable restaurant sales are expected to increase approximately 6% to 7% for Pollo Tropical and 4% to 5% for Taco Cabana;
•Commodity costs are expected to increase 1% to 2% for Pollo Tropical and 2.5% to 3.5% for Taco Cabana;
•Approximately 10 to 12 new restaurants are expected to be opened and 6 restaurants are expected to close for the entire year;
•Annualized run rate for general and administrative expenses (excluding stock compensation) is expected to be approximately $38 to $40 million following the spin-off from Carrols;
•Effective tax rate of 41% to 43%; and
•Capital expenditures of approximately $42 million to $46 million.
Conference Call Today
The Company will host a conference call to discuss the first quarter of 2012 financial results today at 4:30 PM Eastern Time. Hosting the conference call will be Daniel T. Accordino, Chief Executive Officer of Carrols Restaurant Group, Inc., Paul Flanders, Chief Financial Officer of Carrols Restaurant Group, Inc. and Interim Chief Financial Officer of Fiesta Restaurant Group, Inc., and Tim Taft, Chief Executive Officer of Fiesta Restaurant Group, Inc.
The conference call can be accessed live over the phone by dialing 877-941-4775 or for international callers by dialing 480-629-9761. A replay will be available one hour after the call and can be accessed by dialing 800-406-7325 or for international callers by dialing 303-590-3030; the passcode is 4536686. The replay will be available until Tuesday, May 15, 2012. The call will also be webcast live from www.carrols.com under the investor relations section.
Why is TAST going south. I cant find any info.
Carrols Restaurant Group, Inc. Board Gives Final Approval to Spin-Off of Fiesta Restaurant Group, Inc.
Carrols Restaurant Group, Inc. (Nasdaq: TAST or "Carrols") today announced that its Board of Directors has given final approval to the spin-off of Fiesta Restaurant Group, Inc. ("Fiesta"), an indirect wholly-owned subsidiary that operates the Pollo Tropical® and Taco Cabana® restaurant businesses. The spin-off will be completed through a tax-free dividend of the common stock of Fiesta to Carrols' stockholders.
The distribution of the Fiesta common stock is expected to occur on May 7, 2012, with each Carrols' stockholder receiving one share of Fiesta common stock for every share of Carrols common stock held of record at the close of business on April 26, 2012, the record date of the distribution.
The spin-off is subject to satisfaction or waiver of customary conditions set forth in a separation and distribution agreement as filed with the Securities and Exchange Commission by Fiesta and Carrols. Immediately following the distribution, Carrols Restaurant Group's stockholders will own 100% of the outstanding common stock of Fiesta Restaurant Group.
Carrols Restaurant Group has received a private letter ruling from the Internal Revenue Service with respect to the tax-free status of the distribution Fiesta Restaurant Group's registration statement on Form 10 was declared effective by the Securities and Exchange Commission on April 25, 2012.
The common stock of Fiesta Restaurant Group will begin trading on a "when issued" basis on The NASDAQ Global Select Market on April 26, 2012 under the symbol “FRGI” and will begin trading on a "regular way" basis on May 8, 2012. Carrols Restaurant Group common stock will continue to trade on The NASDAQ Global Market under the symbol “TAST.”