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

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report released on Saturday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 0.7 %

Shares of RAVE stock opened at $2.76 on Friday. The business has a 50 day moving average of $2.00 and a two-hundred day moving average of $1.95. The company has a market cap of $40.26 million, a P/E ratio of 18.40 and a beta of 0.57. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $2.93.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC acquired a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned 0.17% of Rave Restaurant Group at the end of the most recent quarter. Hedge funds and other 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.