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

Research analysts at StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report released on Thursday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

NASDAQ RAVE opened at $3.01 on Thursday. The firm’s 50 day moving average price is $2.63 and its two-hundred day moving average price is $2.12. The stock has a market cap of $44.28 million, a price-to-earnings ratio of 16.45 and a beta of 0.51. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.22.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share 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%.

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 acquired a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 institutional investors.

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.