StockNews.com Begins Coverage on Rave Restaurant Group (NASDAQ:RAVE)

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued to investors on Sunday morning. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 2.1 %

Shares of Rave Restaurant Group stock opened at $2.83 on Friday. The business has a fifty day simple moving average of $2.17 and a 200 day simple moving average of $1.99. The stock has a market cap of $40.04 million, a PE ratio of 16.65 and a beta of 0.57. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $2.99.

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

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 Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned 0.17% of Rave Restaurant Group at the end of the most recent quarter. Institutional investors and hedge funds 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.