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

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

Rave Restaurant Group Stock Up 0.3 %

NASDAQ:RAVE opened at $2.93 on Thursday. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.22. The firm has a 50 day moving average of $2.59 and a 200 day moving average of $2.11. The stock has a market capitalization of $43.10 million, a price-to-earnings ratio of 16.28 and a beta of 0.51.

Rave Restaurant Group (NASDAQ:RAVE) last posted its earnings results on Thursday, September 26th. The restaurant operator reported $0.06 EPS for the quarter. Rave Restaurant Group had a net margin of 21.49% and a return on equity of 21.37%. The company had revenue of $3.36 million during the quarter.

Institutional Investors Weigh In On Rave Restaurant Group

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 third quarter, according to the company in its most recent 13F filing with the SEC. 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 hedge funds and other institutional investors.

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.