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

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

Rave Restaurant Group Stock Performance

Shares of RAVE stock opened at $2.82 on Wednesday. The stock has a market cap of $41.48 million, a PE ratio of 15.67 and a beta of 0.51. The stock has a fifty day moving average price of $2.48 and a 200 day moving average price of $2.07. Rave Restaurant Group has a 1 year low of $1.64 and a 1 year high of $3.22.

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 company 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%.

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 its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned approximately 0.17% of Rave Restaurant Group at the end of the most recent reporting period. 15.12% of the stock is owned by institutional investors and hedge funds.

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.