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

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report released on Tuesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 0.7 %

NASDAQ:RAVE opened at $2.78 on Tuesday. The stock has a market capitalization of $40.89 million, a price-to-earnings ratio of 15.45 and a beta of 0.51. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.22. The firm has a 50 day moving average of $2.44 and a 200 day moving average of $2.06.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%. The firm had revenue of $3.36 million during the quarter.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC acquired a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing. Hedge funds and other 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.