Carrols Restaurant Group Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Small Cap Value
Company profile

Carrols Restaurant Group, Inc. is a restaurant company. The Company is engaged in operating Burger King restaurants. The Company operates approximately 1,029 Burger King restaurants in 23 Northeastern, Midwestern, Southcentral and Southeastern states and 65 Popeyes restaurants in seven Southeastern states. Burger King restaurants features Whopper sandwich, as well as a variety of hamburgers, chicken and other specialty sandwiches, french fries, salads, breakfast items, snacks, soft drinks and other offerings. Popeyes Restaurants are quick-service restaurants offering a limited menu of lunch and dinner products, and in certain restaurants breakfast products. Its menu features a fried chicken sandwich, spicy chicken, chicken tenders, biscuits, fried shrimp and other seafood, red beans and rice and other quick-service menu items.

Price
Delayed
$2.47
Day's Change
-0.135 (-5.19%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.64
Day's Low
2.43
Volume
(Average)

Today's volume of 221,983 shares is on pace to be in-line with TAST's 10-day average volume of 247,846 shares.

221,983

Travel stocks slump and vaccine maker stocks rally as WHO gears up to assess new coronavirus variant

12:21 pm ET November 26, 2021 (MarketWatch)
Print

By Steve Gelsi

New variant raises old concerns about infections, sending travel stocks lower and 'stay-at-home's stocks higher

Shares of airlines fell and vaccine makers rose Friday as investors reacted to fresh travel bans related to a variant of the coronavirus that causes COVID-19 called B.1.1.529, that has been identified in South Africa.

Meanwhile, stocks relating to 'stay-at-home' activities gained.

The CBOE Volatility Index VIX jumped by about 50% Friday, trading around 27.70, which would mark the highest level for the index since October, 2020. The index, also known as the VIX, for its ticker symbol, has become well known as Wall Street's "fear gauge," since it was created in the early 1990s.

The UK government has banned flights from South Africa and five other southern African countries, the Associated Press reported The World Health Organization's technical working group is meeting Friday to discuss the variant.

"A lot of eyes will be on how severe it is and whether it completely evades vaccines," analysts at Deutsche Bank said Friday in a research note. "At this stage very little is known. Mutations are often less severe so we shouldn't jump to conclusions but there is clearly a lot of concern about this one.

"Also South Africa is one of the world leaders in sequencing so we are more likely to see this sort of news originate from there than many countries. Suffice to say at this stage no one in markets will have any idea which way this will go."

The new strain will likely be given the Greek letter "nu" if the World Health Organization determines that it merits being named, according to Evercore ISI analysts.

The strain has reached 90% of cases in Gauteng, which is the smallest province in South Africa with more than 1,000 cases a day being estimated, according to Evercore analyst Josh Schimmer.

The strain "(may have evolved in an immune compromised patient) has 32 mutations in the spike protein (including some in the RBD) and is reportedly the "most distant" (i.e. mutated) from the original strain yet," Schimmer wrote in a note to clients. "It has RBD and NTD mutations associated with resistance to neutralizing antibodies, and has potentially enhanced transmission."

Pfizer (PFE) advanced by 7.4%, and Moderna (MRNA) rallied 23% on the news. Aircraft maker Boeing (BA) retreated by 7%, Southwest Airlines (LUV) fell 4.7%, American Airlines (AAL) stock slumped 11.5%; Expedia (EXPE) fell 10% and United Airlines (UAL) dropped 12.4%.

Delta Air Lines (DAL) lost 9%, Norwegian Cruise (NCLH) gave up 9.8% and Royal Caribbean (RCL) shares slid 10%.

Netflix (NFLX) rose 2% and Take-Two Interactive Software (TTWO) rose by 3.3%.

-Steve Gelsi

	

(END) Dow Jones Newswires

November 26, 2021 12:21 ET (17:21 GMT)

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