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

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

Rave Restaurant Group Stock Performance

RAVE opened at $2.48 on Friday. The company has a market cap of $36.10 million, a P/E ratio of 16.50 and a beta of 0.57. The business’s 50-day moving average price is $1.90 and its 200-day moving average price is $1.93. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $2.64.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC acquired a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to the company in 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. Institutional investors and hedge funds 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.