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

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

Rave Restaurant Group Price Performance

Shares of RAVE opened at $3.01 on Thursday. The company’s 50-day moving average is $2.66 and its 200-day moving average is $2.13. The firm has a market capitalization of $44.28 million, a PE ratio of 16.72 and a beta of 0.51. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.22.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly 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 21.49% and a return on equity of 21.37%. The firm had revenue of $3.36 million for the quarter.

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 purchased a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.