Craig-Hallum analyst Jeremy Hamblin downgraded Carrols Restaurant (TAST) to Hold from Buy with a $9.55 price target after Restaurant Brands (QSR) announced a $1B acquisition agreement whereby the remaining 85% of Carrols shares not already owned by Restaurant Brands will be acquired for $9.55 per share.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TAST:
- M & A News: Restaurant Brands (TSE:QSR) to Acquire Carrols for $1B
- Restaurant Brands to acquire Carrols Restaurant for $9.55 per share in cash
- Burger King® Company to Acquire Carrols Restaurant Group
- Carrols Restaurant reports preliminary Q4 restaurant sales of $470.4M
- Carrols Restaurant Group, Inc. Reports Preliminary Sales Results for the Fourth Quarter and Full Year 2023
