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

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued to clients and investors on Saturday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

NASDAQ:RAVE opened at $2.35 on Friday. The stock has a fifty day moving average price of $2.70 and a 200-day moving average price of $2.42. The company has a market cap of $34.57 million, a price-to-earnings ratio of 13.06 and a beta of 0.59. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 21.17% and a net margin of 21.80%.

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 acquired a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 15.12% of the company’s stock.

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.