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

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

Rave Restaurant Group Stock Performance

NASDAQ RAVE opened at $2.67 on Friday. The firm has a market capitalization of $39.28 million, a P/E ratio of 14.83 and a beta of 0.56. The stock has a 50-day simple moving average of $2.89 and a two-hundred day simple moving average of $2.24. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings data on Thursday, September 26th. The restaurant operator reported $0.06 EPS for the quarter. The business 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 Investors Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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 reporting period. 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.