Rave Restaurant Group (NASDAQ:RAVE) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued to investors on Sunday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of Rave Restaurant Group stock opened at $2.77 on Friday. The firm has a market cap of $39.20 million, a PE ratio of 16.30 and a beta of 0.57. Rave Restaurant Group has a 1 year low of $1.64 and a 1 year high of $2.99. The stock has a fifty day moving average price of $2.11 and a 200-day moving average price of $1.98.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $3.36 million during the quarter. Rave Restaurant Group had a net margin of 20.27% and a return on equity of 21.29%.

Institutional Trading of Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC purchased a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned about 0.17% of Rave Restaurant Group at the end of the most recent reporting period. 15.12% of the stock is owned by hedge funds and other institutional investors.

About Rave Restaurant Group

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.