Janney analyst Mark Kalikowsky is quite bullish on Taco Bell and recently raised his same store estimates for Taco Bell by four (4) percentage points. More interesting for us here is the fact that Mr. Kalikowsky also reiterated his thoughts that the chain should be spun off from its more globally focused parent, Yum Brands (YUM), which itself… Read More »
Every venture capitalist and investor has heard one of these classic, hype-inducing pitch lines before: This is the next (insert name of successful company) We are the (insert name of successful company) of (different industry) Well, if you are selling burritos, then it’s all about being the next Chipotle (CMG). That was the buzz surrounding the 2012 Fiesta… Read More »
It’s party time! Well…almost there as the board of directors of Carrols Restaurant Group (TAST) recently approved the spinoff of the Fiesta Restaurant Group. You may not realize this, but Carrols is the country’s largest Burger King franchisee and post-transaction the parent will retain its Burger King franchise business. The new company, Fiesta, will operate the company’s two… Read More »
Maybe it’s not so good to be the king. While announcing its Q4 and FY 2010 earnings, Carrols Restaurant Group (TAST) announced plans to separate its Hispanic brands from its Burger King franchises (Q&A transcript here). The new company will operate the Pollo Tropical and Taco Cabana restaurants while Carrols will continue to run Burger King franchises, where,… Read More »