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

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

Rave Restaurant Group Trading Down 4.9 %

NASDAQ RAVE opened at $2.91 on Monday. The firm has a market cap of $42.81 million, a price-to-earnings ratio of 17.12 and a beta of 0.51. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.22. The company has a 50 day moving average of $2.31 and a 200-day moving average of $2.03.

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%.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned approximately 0.17% of Rave Restaurant Group at the end of the most recent quarter. 15.12% of the stock is owned by institutional investors and hedge funds.

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.