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

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

Rave Restaurant Group Price Performance

NASDAQ:RAVE opened at $2.93 on Thursday. The firm has a market capitalization of $43.10 million, a P/E ratio of 16.28 and a beta of 0.51. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.22. The company’s fifty day moving average price is $2.59 and its 200-day moving average price is $2.11.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings data on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share for the quarter. The firm had revenue of $3.36 million for the quarter. Rave Restaurant Group had a net margin of 21.49% and a return on equity of 21.37%.

Institutional Trading of Rave Restaurant Group

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