Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

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

Rave Restaurant Group Trading Up 1.3 %

Rave Restaurant Group stock opened at $2.38 on Friday. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $3.36. The company has a market capitalization of $35.01 million, a price-to-earnings ratio of 13.22 and a beta of 0.59. The business’s fifty day simple moving average is $2.69 and its two-hundred day simple moving average is $2.42.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 21.17%.

Institutional Trading of 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 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned about 0.17% of Rave Restaurant Group at the end of the most recent reporting period. 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.