Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

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

Rave Restaurant Group Stock Down 1.6 %

Rave Restaurant Group stock opened at $3.06 on Monday. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.22. The company has a market capitalization of $45.01 million, a P/E ratio of 18.30 and a beta of 0.51. The stock’s 50 day moving average is $2.27 and its 200 day moving average is $2.02.

Rave Restaurant Group (NASDAQ:RAVE) last released its earnings results on Thursday, September 26th. The restaurant operator reported $0.06 EPS for the quarter. Rave Restaurant Group had a return on equity of 21.29% and a net margin of 20.27%. The firm had revenue of $3.36 million for the quarter.

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 disclosure with the Securities & Exchange Commission. The institutional investor 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. Institutional investors and hedge funds 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.