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

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

Rave Restaurant Group Trading Down 0.4 %

RAVE stock opened at $2.67 on Friday. The firm has a 50 day simple moving average of $2.89 and a 200-day simple moving average of $2.24. The company has a market capitalization of $39.28 million, a P/E ratio of 14.83 and a beta of 0.56. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share 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 21.37%.

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent Form 13F filing 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 approximately 0.17% of Rave Restaurant Group at the end of the most recent quarter. 15.12% of the stock is owned by institutional investors and hedge funds.

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.