StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

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

Rave Restaurant Group Stock Up 2.4 %

NASDAQ RAVE opened at $2.56 on Wednesday. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.36. The firm has a 50 day moving average of $2.83 and a two-hundred day moving average of $2.33. The stock has a market capitalization of $37.66 million, a PE ratio of 14.22 and a beta of 0.60.

Institutional Trading of Rave Restaurant Group

An institutional investor recently bought a new position 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 Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter. 15.12% of the stock is currently 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.