Analysts at StockNews.com Begin Coverage of Rave Restaurant Group (NASDAQ:RAVE)

On February 3, 2025, StockNews.com announced that it has started coverage of Rave Restaurant Group (NASDAQ:RAVE). In a research note released on the same day, the firm assigned a buy rating to the shares of the restaurant operator.

Overview of Rave Restaurant Group's Stock Performance

On Friday, Rave Restaurant Group's stock opened at $2.53. Over the past year, the stock reached a low of $1.64 and a high of $3.36. The company currently has a 50-day moving average price of $2.75 and a 200-day moving average price of $2.40. With a market capitalization of approximately $37.22 million, Rave Restaurant Group's price-to-earnings (P/E) ratio is noted at 14.06, and the stock has a beta of 0.60.

Recent Earnings Report

Rave Restaurant Group reported its latest quarterly earnings results on November 7, 2024. The company revealed earnings per share (EPS) of $0.04 for that quarter, with a net margin of 21.49% and a return on equity of 21.37%. The total revenue reported for the quarter was $3.05 million.

Institutional Interest in Rave Restaurant Group

In recent months, there has been growing institutional interest in Rave Restaurant Group. Notably, Juncture Wealth Strategies LLC acquired a new stake in the company during the third quarter, as disclosed in their latest Form 13F filing with the Securities and Exchange Commission (SEC). The hedge fund purchased 24,132 shares of Rave Restaurant Group, valued at around $49,000, making up approximately 0.17% of the company's total shares at the end of that quarter. Overall, institutional investors currently hold about 15.12% of Rave Restaurant Group's stock.

About Rave Restaurant Group

Rave Restaurant Group, Inc. operates and franchises pizza buffet and delivery/carry-out restaurants under the Pizza Inn and Pie Five brands, both in the United States and internationally. The company functions through three key segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.

Rave, Restaurant, Coverage