Carrols Restaurant Group, Inc. (TAST)
TAST ALERT - Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Carrols Restaurant Group, Inc.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (NYSE: TAST). The investigation concerns whether Carrols and certain of its officers and/or directors have violated federal securities laws.
On February 25, 2020, Carrols issued a press release reporting its financial results for the fourth quarter and full year ended December 29, 2019. In the press release, Daniel T. Accordino, Carrols’ chairman and Chief Executive Officer, reported that “comparable restaurant sales growth for our Burger King restaurants was at the low-end of our annual expectations and full year Adjusted EBITDA relative to 2018 levels was adversely affected by several factors, including increases in commodity and labor costs and the excess sales discounts to certain customers over a ten week period last summer.” On this news, Carrols’ stock price fell sharply, damaging investors.
If you are aware of any facts relating to this investigation, or purchased Carrols shares, you can learn more about the investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.