StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note published on Monday morning. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 1.6 %

Shares of NASDAQ RAVE opened at $3.06 on Monday. Rave Restaurant Group has a 12-month low of $1.64 and a 12-month high of $3.22. The firm has a market capitalization of $45.01 million, a price-to-earnings ratio of 18.30 and a beta of 0.51. The firm has a 50 day moving average of $2.27 and a 200 day moving average of $2.02.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter. Institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

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.