Rave Restaurant Group (NASDAQ:RAVE) Coverage Initiated by Analysts at StockNews.com

by · The Cerbat Gem

Investment analysts at StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) in a note issued to investors on Monday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

RAVE opened at $2.58 on Monday. The stock has a market capitalization of $37.96 million, a price-to-earnings ratio of 14.33 and a beta of 0.56. The business has a 50-day moving average of $2.88 and a two-hundred day moving average of $2.28. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $3.36.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Juncture Wealth Strategies LLC purchased a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 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 & Exchange Commission. 15.12% of the stock is currently owned by institutional investors.

About Rave Restaurant Group

(Get Free Report)

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.

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