[May 24, 2012] Lowest Forward P/E Ratio in the Restaurants Industry Detected in Shares of Carrols Restaurant Group (TAST, DAVE, CEC, DIN, RUTH) Tweet May 24, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Restaurants industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Carrols Restaurant Group ranks lowest with a a forward P/E ratio of 4.75. Following is Famous Dave's Of America with a a forward P/E ratio of 10.58. CEC Entertainment ranks third lowest with a a forward P/E ratio of 10.72. DineEquity follows with a a forward P/E ratio of 10.75, and Ruth's Hospitality rounds out the bottom five with a a forward P/E ratio of 11.39. SmarTrend recommended that its subscribers protect gains by selling shares of Ruth's Hospitality on May 2nd, 2012 by issuing a Downtrend alert when the shares were trading at $6.69. Since that call, shares of Ruth's Hospitality have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]