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

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

Rave Restaurant Group Trading Up 1.1 %

Shares of RAVE opened at $2.67 on Monday. The firm has a market capitalization of $39.28 million, a price-to-earnings ratio of 14.83 and a beta of 0.56. The firm’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $2.27. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly 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 purchased a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing. Hedge funds and other 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.