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

StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note released on Sunday. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Up 1.9 %

Shares of NASDAQ RAVE opened at $2.68 on Friday. The stock’s fifty day simple moving average is $2.89 and its 200 day simple moving average is $2.26. The stock has a market capitalization of $39.43 million, a price-to-earnings ratio of 14.89 and a beta of 0.56. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share for the quarter. The firm 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 Trading of Rave Restaurant Group

An institutional investor recently bought a new position 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 the company in its most recent filing with the Securities and Exchange Commission (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 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.