owns and operates 243 mid-priced, full service, casual dining restaurants located in the United States that operate under the trade name Lone Star Steakhouse & Saloon, and 20 upscale steakhouse restaurants, five operating as Del Frisco's Double Eagle Steak House restaurants and 15 operating as Sullivan's Steakhouse restaurants. .
Lone Star Steak House & Saloon Inc. had a sales growth rate of 3.8% last year. Compared to the 17.5 % growth rate of the industry, it is behind 13.7%. Income and earnings per share growth rate are less than the rest of the industry, both of which dropped since the previous year. Income growth rate dropped 17.8% while the industry rose 3.9%. Earnings per share growth rate dropped 14.8% while the industry rose 0.9%. Both industry and earnings per share growth rate were higher than the S&P 500 which fell 26.50% and 28.60% respectively. Over a five-year average, the gaps are a little smaller. Lone Star is 5.45% behind the rest of the industry in sales growth and 12.01% behind the rest of the industry in earnings per share. These growth rates show that Lone Star is not doing well from an investor's perspective. It is behind the rest of the industry in all categories of growth rate and has lost dropped in many key categories.
The price ratios of Lone Star tell a different story. Current P/E is 36.7 which is 13.9 points higher than the rest of the industry. The P/E ratio 5 year high is also better than the industry. It is 44 points higher than the industry. These ratios show that investors were encouraged by Lone Star's economic news and expected good business conditions compared to the rest of the industry.
The financial condition of the company is also strong compared to the rest of the industry. The current ratio was 1.6 compared to 0.7 for the industry. Its quick ratio was 1.2, 0.8 higher than the industry's quick ratio of 0.4. These ratios show us that the company has more current assets than current liabilities than that of the industry.
