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

Research analysts at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report released on Monday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

NASDAQ:RAVE opened at $2.92 on Monday. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $2.99. The company has a 50-day moving average of $2.22 and a 200 day moving average of $2.01. The firm has a market cap of $42.95 million, a PE ratio of 17.18 and a beta of 0.50.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share 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 during the quarter.

Institutional Trading of Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC acquired a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.