Rave Restaurant Group (NASDAQ:RAVE) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a note issued to investors on Saturday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 5.3 %

Shares of RAVE stock opened at $1.97 on Friday. The company has a market cap of $28.74 million, a price-to-earnings ratio of 15.15 and a beta of 0.37. The stock has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $2.11. Rave Restaurant Group has a 12-month low of $1.50 and a 12-month high of $2.64.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, February 1st. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $2.79 million during the quarter. Rave Restaurant Group had a return on equity of 18.06% and a net margin of 15.94%.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. James Investment Research Inc. purchased a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,000 shares of the restaurant operator’s stock, valued at approximately $36,000. James Investment Research Inc. owned 0.11% of Rave Restaurant Group at the end of the most recent reporting period. 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.