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

Equities researchers at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report released on Friday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE opened at $2.40 on Friday. The stock has a market cap of $35.01 million, a PE ratio of 16.00 and a beta of 0.57. The business has a fifty day moving average of $1.91 and a two-hundred day moving average of $1.94. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $2.64.

Institutional Inflows and Outflows

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) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.