Carrols Restaurant Group Stock Soars (TAST)

NEW YORK ( TheStreet) -- Shares of Carrols Restaurant Group (Nasdaq: TAST) have taken a tremendous swing upward. The stock is trading at $5.71 as of 12:05 p.m. ET, 28.6% above Tuesday's closing price of $4.44. Volume is at 469,418, 4.7 times the daily average of 99,800.

Carrols Restaurant Group has a market cap of $349.2 million and is part of the services sector and leisure industry. Shares are down 61.6% year to date as of the close of trading on Tuesday.

Carrols Restaurant Group, Inc., through its subsidiary, Carrols Corporation, owns and operates quick-casual and quick-service restaurants. It operates restaurants under the Burger King, Pollo Tropical, and Taco Cabana names. The company has a P/E ratio of 29.6, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Carrols Restaurant Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth 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 Carrols Restaurant Group Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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