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

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

Rave Restaurant Group Trading Up 1.3 %

Shares of RAVE opened at $2.38 on Friday. The firm has a fifty day simple moving average of $2.69 and a two-hundred day simple moving average of $2.42. The firm has a market cap of $35.01 million, a PE ratio of 13.22 and a beta of 0.59. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.36.

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

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 bought a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 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.