Rave Restaurant Group (NASDAQ:RAVE) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report issued on Tuesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

NASDAQ:RAVE opened at $2.83 on Tuesday. The company has a market capitalization of $41.63 million, a PE ratio of 15.72 and a beta of 0.51. The company has a 50 day simple moving average of $2.36 and a two-hundred day simple moving average of $2.04. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.22.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Thursday, September 26th. The restaurant operator reported $0.06 EPS for the quarter. The company had revenue of $3.36 million during the quarter. Rave Restaurant Group had a net margin of 21.49% and a return on equity of 22.02%.

Hedge Funds Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to its most recent filing with the SEC. The firm bought 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned approximately 0.17% of Rave Restaurant Group as of its most recent SEC filing. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.