Rave Restaurant Group (NASDAQ:RAVE) Receives New Coverage from Analysts at StockNews.com

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

Rave Restaurant Group Price Performance

Rave Restaurant Group stock opened at $2.77 on Friday. The firm’s fifty day moving average price is $2.11 and its 200 day moving average price is $1.98. The company has a market capitalization of $40.41 million, a price-to-earnings ratio of 18.47 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 announced its quarterly earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $3.36 million for 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

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) during the third quarter, according to the company in its most recent 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 approximately 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.