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

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

Rave Restaurant Group Trading Down 2.1 %

NASDAQ:RAVE opened at $2.83 on Friday. The stock has a market capitalization of $40.04 million, a P/E ratio of 16.65 and a beta of 0.57. Rave Restaurant Group has a 1 year low of $1.64 and a 1 year high of $2.99. The firm has a 50 day moving average of $2.17 and a 200-day moving average of $1.99.

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

Hedge Funds Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to the company in its most recent 13F filing 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 about 0.17% of Rave Restaurant Group as of its most recent SEC filing. 15.12% of the stock is currently owned by hedge funds and other institutional investors.

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.