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 published on Saturday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of RAVE opened at $3.02 on Friday. The firm has a 50-day moving average of $2.86 and a 200-day moving average of $2.21. The company has a market cap of $44.42 million, a PE ratio of 16.78 and a beta of 0.56. Rave Restaurant Group has a one year low of $1.64 and a one year high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings results 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 for the quarter.

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 position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. 15.12% of the stock is owned by hedge funds and other institutional investors.

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.