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

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

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE opened at $2.53 on Friday. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $3.36. The company’s 50 day moving average price is $2.75 and its 200-day moving average price is $2.39. The company has a market capitalization of $37.22 million, a P/E ratio of 14.06 and a beta of 0.60.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $3.05 million for the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%.

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC bought a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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. 15.12% of the stock is owned by institutional investors and hedge funds.

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.