![]() The bearish sentiment has dropped our current year Zacks Consensus Estimates from an 8-cent profit to an 8-cent loss. Over the last week alone, analysts all over Wall Street have been cutting their earnings estimates. As far as earnings go, this has simply not been the case. You would think that the pandemic would help restaurants in the Fast Food industry. The Retail – Restaurants industry is in the Bottom 20% of our Zacks Industry Rank. The company was founded in 1960 and is headquartered in Syracuse, New York. As of December 29, 2019, it had, as franchisee, 1,036 Burger King restaurants located in 23 Northeastern, Midwestern, and Southeastern states and 65 Popeyes restaurants in seven Southeastern states. ![]() The company operates as a Burger King franchisee. Carrols Restaurant Group, Inc., through its subsidiaries, operates as a restaurant company in the United States. Today’s Bear of the Day is Zacks Rank #5 (Strong Sell) Carrols Restaurant Group (TAST). Nonetheless, I’ve got to point out a Bear of the Day, not because I am personally very bearish on the stock, but because I want to highlight what has been happening as far as earnings estimates are concerned. You probably don’t need me to point this out for you. ![]() Closing, partial opening, restrictions, all of this COVID-related action has really hurt the industry and the folks working in it. Since this paradigm shift occurred, it’s been pretty easy to beat up restaurant stocks.
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