Carrols Restaurant Group Stock Gaps Down On Today's Open (TAST)
Shares of Carrols Restaurant Group (Nasdaq:TAST) were gapping down Tuesday morning with an open price 12.8% lower than Monday's closing price. The stock closed at $5.72 yesterday and opened today's trading at $4.99.
NEW YORK ( TheStreet) -- Shares of Carrols Restaurant Group (Nasdaq: TAST) were gapping down Tuesday morning with an open price 12.8% lower than Monday's closing price. The stock closed at $5.72 Monday and opened today's trading at $4.99. The average volume for Carrols Restaurant Group has been 436,200 shares per day over the past 30 days. Carrols Restaurant Group has a market cap of $135.5 million and is part of the services sector and leisure industry. Shares are down 50.6% year to date as of the close of trading on Monday. Carrols Restaurant Group, Inc., through its subsidiary, Carrols Corporation, owns and operates quick-casual and quick-service restaurants in the Untied States. It operates restaurants under the Burger King, Pollo Tropical, and Taco Cabana names. The company has a P/E ratio of 23.4, 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 hold. The company's strengths can be seen in multiple areas, such as its revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Carrols Restaurant Group Ratings Report. Get more investment ideas from our investment research center.