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

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

Rave Restaurant Group Stock Up 2.3 %

Shares of Rave Restaurant Group stock opened at $2.72 on Tuesday. The company has a 50-day simple moving average of $2.39 and a two-hundred day simple moving average of $2.05. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.22. The stock has a market capitalization of $40.01 million, a price-to-earnings ratio of 15.11 and a beta of 0.51.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $3.36 million for the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC purchased a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC. 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.