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

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

Rave Restaurant Group Stock Up 8.3 %

NASDAQ RAVE opened at $2.99 on Friday. The company has a market cap of $42.31 million, a PE ratio of 17.59 and a beta of 0.57. The firm’s 50-day simple moving average is $2.02 and its two-hundred day simple moving average is $1.96. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $2.99.

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

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 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. 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.