Rave Restaurant Group (NASDAQ:RAVE) Issues Quarterly Earnings Results

Rave Restaurant Group (NASDAQ:RAVE) announced its earnings results on Thursday. The restaurant operator reported $0.05 EPS for the quarter, Zacks reports. Rave Restaurant Group had a net margin of 22.44% and a return on equity of 19.80%. The business had revenue of $3.21 million during the quarter.

Rave Restaurant Group Stock Performance

Shares of RAVE traded up $0.03 during mid-day trading on Friday, reaching $2.86. The stock had a trading volume of 38,599 shares, compared to its average volume of 32,095. The firm has a market cap of $40.65 million, a price-to-earnings ratio of 15.05 and a beta of 0.45. Rave Restaurant Group has a 12 month low of $2.01 and a 12 month high of $3.75. The business has a fifty day moving average of $3.06 and a 200 day moving average of $2.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. Evergreen Capital Management LLC purchased a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,265 shares of the restaurant operator’s stock, valued at approximately $56,000. Evergreen Capital Management LLC owned 0.14% of Rave Restaurant Group as of its most recent SEC filing. 15.12% of the stock is owned by institutional investors.

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.