Shares of Benihana (Nasdaq:BNHN) were gapping up Wednesday morning with an open price 16.7% higher than Tuesday's closing price. The stock closed at $14.22 yesterday and opened today's trading at $16.59.
NEW YORK ( TheStreet) -- Shares of Benihana (Nasdaq: BNHN) were gapping up Wednesday morning with an open price 16.7% higher than Tuesday's closing price. The stock closed at $14.22 Tuesday and opened today's trading at $16.59. The average volume for Benihana has been 58,000 shares per day over the past 30 days. Benihana has a market cap of $247.2 million and is part of the services sector and leisure industry. Shares are up 22.8% year to date as of the close of trading on Tuesday. Benihana Inc. operates Benihana teppanyaki-style Japanese restaurants in the United States. It also operates other Asian restaurant concepts that include RA Sushi and Haru. The company has a P/E ratio of 34.1, below the average leisure industry P/E ratio of 60 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Benihana as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Benihana Ratings Report. Get more investment ideas from our investment research center.
Shares of Benihana (Nasdaq:BNHN) have taken a tremendous swing upward. The stock is trading at $16.15 as of 10:05 a.m. ET, 21.4% above Monday's closing price of $13.30. Volume is at 1.7 million, 31.1 times the daily average of 55,900.