RAVE Restaurant Group, Inc. (NASDAQ:RAVE) CEO Acquires $21,250.00 in Stock

RAVE Restaurant Group, Inc. (NASDAQ:RAVEGet Rating) CEO Brandon Solano bought 25,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was acquired at an average cost of $0.85 per share, for a total transaction of $21,250.00. Following the completion of the transaction, the chief executive officer now owns 64,669 shares in the company, valued at $54,968.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

RAVE stock opened at $0.86 on Friday. The firm has a market cap of $15.48 million, a P/E ratio of 7.17 and a beta of 0.71. RAVE Restaurant Group, Inc. has a 12-month low of $0.82 and a 12-month high of $1.80. The stock’s 50 day simple moving average is $1.05 and its 200 day simple moving average is $1.10.

Separately, StockNews.com began coverage on RAVE Restaurant Group in a research report on Friday. They issued a “buy” rating on the stock.

Hedge funds have recently bought and sold shares of the stock. Lake Street Financial LLC acquired a new stake in shares of RAVE Restaurant Group during the 4th quarter valued at approximately $28,000. Two Sigma Securities LLC acquired a new stake in shares of RAVE Restaurant Group during the 3rd quarter valued at approximately $72,000. Finally, Renaissance Technologies LLC raised its position in shares of RAVE Restaurant Group by 49.6% during the 4th quarter. Renaissance Technologies LLC now owns 378,237 shares of the restaurant operator’s stock valued at $382,000 after acquiring an additional 125,459 shares in the last quarter. 7.33% of the stock is currently owned by institutional investors and hedge funds.

About RAVE Restaurant Group (Get Rating)

Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.

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