StockNews.com Begins Coverage on Rave Restaurant Group (NASDAQ:RAVE)

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

Rave Restaurant Group Trading Down 1.9 %

Shares of NASDAQ RAVE opened at $2.59 on Tuesday. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.36. The stock has a fifty day simple moving average of $2.85 and a two-hundred day simple moving average of $2.32. The firm has a market cap of $38.10 million, a price-to-earnings ratio of 14.39 and a beta of 0.60.

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 position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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. Institutional investors own 15.12% of the company’s stock.

About Rave Restaurant Group

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.