Rave Restaurant Group (NASDAQ:RAVE) Stock Crosses Above 200 Day Moving Average – What’s Next?

Rave Restaurant Group, Inc. (NASDAQ:RAVE)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.07 and traded as high as $2.91. Rave Restaurant Group shares last traded at $2.82, with a volume of 57,299 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Rave Restaurant Group in a report on Wednesday. They set a “buy” rating for the company.

Rave Restaurant Group Price Performance

The firm has a market capitalization of $41.89 million, a PE ratio of 15.82 and a beta of 0.51. The firm’s fifty day moving average is $2.52 and its two-hundred day moving average is $2.08.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings data on Thursday, September 26th. The restaurant operator reported $0.06 EPS for the quarter. The company had revenue of $3.36 million during 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

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC purchased a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC). 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.