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 note published on Sunday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

RAVE stock opened at $2.89 on Friday. The stock’s 50 day moving average price is $2.15 and its 200 day moving average price is $1.99. The firm has a market cap of $40.89 million, a P/E ratio of 17.00 and a beta of 0.57. Rave Restaurant Group has a 1 year low of $1.64 and a 1 year high of $2.99.

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

Institutional Trading of Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC purchased a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned about 0.17% of Rave Restaurant Group as of its most recent filing with the Securities and Exchange Commission (SEC). 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.