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

Research analysts at StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued on Friday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

RAVE stock opened at $3.31 on Friday. The business has a fifty day moving average price of $2.74 and a 200 day moving average price of $2.15. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.36. The stock has a market capitalization of $48.69 million, a price-to-earnings ratio of 18.39 and a beta of 0.56.

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

Hedge Funds 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 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 firm 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 SEC filing. 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.