Rave Restaurant Group (NASDAQ:RAVE) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued to clients and investors on Saturday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Up 1.7 %

NASDAQ RAVE opened at $2.35 on Friday. The company has a market capitalization of $34.57 million, a price-to-earnings ratio of 13.06 and a beta of 0.59. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.36. The stock has a fifty day simple moving average of $2.70 and a 200 day simple moving average of $2.41.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.04 EPS 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

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 Form 13F filing 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 0.17% of Rave Restaurant Group at the end of the most recent reporting period. Institutional investors and hedge funds 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.