Equities researchers at StockNews.com assumed coverage on shares of RAVE Restaurant Group (NASDAQ:RAVE – Get Rating) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the restaurant operator’s stock.
Shares of RAVE Restaurant Group stock opened at $1.07 on Wednesday. The firm has a market cap of $19.27 million, a P/E ratio of 8.92 and a beta of 0.72. The firm has a 50 day simple moving average of $0.96 and a 200 day simple moving average of $1.03. RAVE Restaurant Group has a fifty-two week low of $0.82 and a fifty-two week high of $1.80.
RAVE Restaurant Group (NASDAQ:RAVE – Get Rating) last issued its quarterly earnings data on Friday, May 6th. The restaurant operator reported $0.03 EPS for the quarter. RAVE Restaurant Group had a net margin of 21.09% and a return on equity of 35.32%. The business had revenue of $2.62 million for the quarter.
Large investors have recently bought and sold shares of the company. Lake Street Financial LLC bought a new position in RAVE Restaurant Group during the fourth quarter worth $28,000. Virtu Financial LLC raised its holdings in shares of RAVE Restaurant Group by 166.2% in the first quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock valued at $72,000 after purchasing an additional 41,918 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of RAVE Restaurant Group in the third quarter valued at about $72,000. Finally, Renaissance Technologies LLC raised its holdings in shares of RAVE Restaurant Group by 49.6% in the fourth quarter. Renaissance Technologies LLC now owns 378,237 shares of the restaurant operator’s stock valued at $382,000 after purchasing an additional 125,459 shares during the last quarter. 7.33% of the stock is currently owned by institutional investors.
About RAVE Restaurant Group (Get Rating)
Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.
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