NEW YORK ( TheStreet) -- Shares of Einstein Noah Restaurant Group (Nasdaq: BAGL) have taken a tremendous swing upward. The stock is trading at $17.08 as of 9:35 a.m. ET, 21.6% above Thursday's closing price of $14.04. Volume is at 47,053, 1.4 times the daily average of 34,000.

Einstein Noah Restaurant Group has a market cap of $237.8 million and is part of the services sector and leisure industry. Shares are down 11.3% year to date as of the close of trading on Thursday.

Einstein Noah Restaurant Group, Inc. owns, operates, franchises, and licenses bagel specialty restaurants in the United States. The company operates, franchises, or licenses various restaurant concepts primarily under the Einstein Bros. The company has a P/E ratio of 18.1, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Einstein Noah Restaurant Group as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Einstein Noah Restaurant Group Ratings Report.

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