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

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

Rave Restaurant Group Stock Down 1.9 %

Shares of Rave Restaurant Group stock opened at $2.59 on Tuesday. The business has a 50 day moving average of $2.85 and a 200 day moving average of $2.31. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.36. The company has a market cap of $38.10 million, a PE ratio of 14.39 and a beta of 0.60.

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC purchased a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.