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

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

Rave Restaurant Group Trading Up 3.7 %

Shares of RAVE stock opened at $3.11 on Monday. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.22. The company has a market capitalization of $45.75 million, a PE ratio of 18.35 and a beta of 0.51. The firm has a fifty day simple moving average of $2.24 and a 200-day simple moving average of $2.01.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter. The firm 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%.

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 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.

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.