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

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

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE opened at $2.76 on Friday. Rave Restaurant Group has a 1 year low of $1.64 and a 1 year high of $2.93. The stock has a fifty day moving average price of $2.00 and a two-hundred day moving average price of $1.95. The firm has a market cap of $40.26 million, a P/E ratio of 18.40 and a beta of 0.57.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings results on Thursday, September 26th. The restaurant operator reported $0.06 EPS for the quarter. Rave Restaurant Group had a net margin of 20.27% and a return on equity of 21.29%. The firm had revenue of $3.36 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned 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.