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 Monday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of NASDAQ:RAVE opened at $3.11 on Monday. The company has a market capitalization of $45.75 million, a PE ratio of 18.35 and a beta of 0.51. The stock has a fifty day moving average of $2.24 and a 200-day moving average of $2.01. Rave Restaurant Group has a one year low of $1.64 and a one year high of $3.22.

Rave Restaurant Group (NASDAQ:RAVE) last released its earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share for the quarter. Rave Restaurant Group had a net margin of 20.27% and a return on equity of 21.29%. The business had revenue of $3.36 million for the quarter.

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 purchased a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 quarter. 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.