Rave Restaurant Group (NASDAQ:RAVE) Now Covered by Analysts at StockNews.com

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

Rave Restaurant Group Trading Up 2.9 %

Shares of Rave Restaurant Group stock opened at $2.80 on Tuesday. The company has a 50 day moving average of $2.41 and a 200-day moving average of $2.06. The company has a market cap of $41.19 million, a PE ratio of 15.56 and a beta of 0.51. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.22.

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

Institutional Trading of Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC acquired a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 at the end of the most recent reporting period. 15.12% of the stock is currently owned by institutional investors.

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.