StockNews.com Begins Coverage on Rave Restaurant Group (NASDAQ:RAVE)

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

Rave Restaurant Group Stock Performance

RAVE stock opened at $2.78 on Friday. The company has a fifty day moving average price of $2.00 and a 200-day moving average price of $1.96. The company has a market capitalization of $40.56 million, a P/E ratio of 16.35 and a beta of 0.57. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $2.93.

Institutional Inflows and Outflows

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 third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 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.