Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued to investors on Friday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

RAVE stock opened at $2.10 on Friday. Rave Restaurant Group has a 12 month low of $1.50 and a 12 month high of $2.64. The firm has a market cap of $30.63 million, a P/E ratio of 16.15 and a beta of 0.33. The company’s 50-day moving average price is $1.99 and its two-hundred day moving average price is $2.12.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings results on Thursday, February 1st. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $2.79 million for the quarter. Rave Restaurant Group had a net margin of 15.94% and a return on equity of 18.06%.

Insider Activity at Rave Restaurant Group

In related news, insider Value Llp Ima purchased 51,921 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $1.96 per share, with a total value of $101,765.16. Following the acquisition, the insider now owns 1,011,807 shares of the company’s stock, valued at approximately $1,983,141.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. James Investment Research Inc. bought a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,000 shares of the restaurant operator’s stock, valued at approximately $36,000. James Investment Research Inc. owned about 0.11% 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.