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

by · The Markets Daily

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

Rave Restaurant Group Trading Down 1.9 %

Shares of NASDAQ RAVE opened at $2.59 on Tuesday. The stock’s 50-day moving average is $2.85 and its 200 day moving average is $2.31. The stock has a market cap of $38.10 million, a price-to-earnings ratio of 14.39 and a beta of 0.60. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.36.

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 purchased a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 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 as of its most recent SEC filing. Institutional investors and hedge funds own 15.12% of the company’s stock.

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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