Rave Restaurant Group (NASDAQ:RAVE) Now Covered by StockNews.com

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

Rave Restaurant Group Stock Up 1.5 %

Shares of NASDAQ:RAVE opened at $2.89 on Wednesday. The firm has a fifty day moving average of $2.54 and a two-hundred day moving average of $2.09. Rave Restaurant Group has a 12-month low of $1.64 and a 12-month high of $3.22. The firm has a market capitalization of $42.51 million, a P/E ratio of 16.06 and a beta of 0.51.

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

Hedge Funds Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC acquired 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 fund acquired 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. 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.