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

Analysts at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued on Saturday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

RAVE opened at $3.02 on Friday. The stock has a market capitalization of $44.42 million, a PE ratio of 16.78 and a beta of 0.56. Rave Restaurant Group has a one year low of $1.64 and a one year high of $3.36. The business’s 50 day moving average price is $2.86 and its 200 day moving average price is $2.21.

Rave Restaurant Group (NASDAQ:RAVE) last posted its earnings results 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%.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC acquired a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 quarter. 15.12% of the stock is currently owned by hedge funds and other institutional investors.

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.