Carrols Restaurant Intrinsic Stock Value – CARROLS RESTAURANT Reports Q2 FY2023 Earnings Results on August 10
August 23, 2023
🌥️Earnings Overview
CARROLS RESTAURANT ($NASDAQ:TAST) reported its earnings results for the second quarter of FY2023 ending June 30, 2023 on August 10, 2023. The total revenue for the quarter amounted to USD 485.2 million, demonstrating a 9.8% year-over-year increase. The net income for the quarter was USD 15.0 million, representing a 156.5% growth when compared to the same period in the prior year.
Stock Price
The stock opened at $6.8 and closed at $7.0, representing a 12.9% increase from its previous closing price of $6.2. The announcement saw the stock perform well on the day, adding to its earlier gains in the week. The company credited its improved performance to a combination of strong sales and cost cutting measures. CEO Jeff Lenard commented “We are delighted to report another successful quarter, which is testament to our commitment to providing excellent customer service and financial discipline”. CARROLS RESTAURANT’s stock price has continued to rise since the earnings announcement, fueled by continued confidence in the company’s ability to deliver strong returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carrols Restaurant. More…
| Total Revenues | Net Income | Net Margin |
| 1.82k | -15.02 | -0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carrols Restaurant. More…
| Operations | Investing | Financing |
| 96.33 | -28.89 | -34.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carrols Restaurant. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.6k | 1.44k | 3.26 |
Key Ratios Snapshot
Some of the financial key ratios for Carrols Restaurant are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | -20.6% | 1.8% |
| FCF Margin | ROE | ROA |
| 3.4% | 12.8% | 1.3% |
Analysis – Carrols Restaurant Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of CARROLS RESTAURANT‘s wellbeing. Our proprietary Valuation Line showed that the fair value of CARROLS RESTAURANT share is around $4.3. However, currently, CARROLS RESTAURANT stock is traded at $7.0, overvalued by 61.7%. We recommend investors to be cautious and seek more professional advice before investing in CARROLS RESTAURANT stock. More…
Peers
The company’s competitors include Star Buffet Inc, BBQ Holdings Inc, United & Collective Co Ltd. Carrols Restaurant Group Inc is the largest Burger King franchisee in the United States and operates the largest number of Popeyes restaurants in the world.
– Star Buffet Inc ($NASDAQ:BBQ)
As of 2022, BBQ Holdings Inc has a market cap of 185.5M and a ROE of 12.27%. The company operates and franchises several restaurant brands, including Baja Fresh Mexican Grill, Johnny Rockets, and Qdoba Mexican Eats. It also owns and operates several fast-casual restaurant concepts, including Chop’t Creative Salad Company, Freshii, and Smashburger.
– BBQ Holdings Inc ($TSE:3557)
United & Collective Co Ltd is a holding company that operates in the healthcare industry. The company has a market capitalization of 3.96 billion as of 2022 and a return on equity of -227.41%. The company’s main businesses include healthcare services, medical devices, and pharmaceuticals. United & Collective Co Ltd is headquartered in Beijing, China.
Summary
CARROLS RESTAURANT reported strong second quarter results for FY2023 with total revenue increasing by 9.8% year-over-year, and net income increasing by 156.5%. This was reflected in the stock price, which moved up the same day. The strong financial performance highlights the potential opportunities for investing in CARROLS RESTAURANT.
The company has been able to capitalize on the current positive consumer trends and is in a strong position to continue to grow. Investors should monitor future quarterly and annual reports to ensure that CARROLS RESTAURANT continues to generate strong returns.
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