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

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

Rave Restaurant Group Stock Performance

RAVE opened at $2.52 on Friday. The stock’s 50 day moving average price is $2.76 and its 200-day moving average price is $2.39. Rave Restaurant Group has a one year low of $1.64 and a one year high of $3.36. The stock has a market cap of $37.07 million, a price-to-earnings ratio of 14.00 and a beta of 0.60.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $0.04 earnings per share (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 $3.05 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.