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 report issued on Tuesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Up 0.7 %

NASDAQ RAVE opened at $2.72 on Tuesday. The firm has a market capitalization of $40.02 million, a PE ratio of 15.11 and a beta of 0.60. The business’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $2.31. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $3.36.

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) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC. 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.