The analysts of StockNews.com assumed hedging on the shares of RAVE Restaurant Group (NASDAQ: RAVE – Get a rating) in a research note released Tuesday to investors. The company has set a “buy” rating on the restaurateur’s shares.
RAVE stock opened at $0.93 on Tuesday. RAVE Restaurant Group has a 12-month low of $0.82 and a 12-month high of $1.80. The company’s 50-day moving average is $0.98 and its two-hundred-day moving average is $1.04. The stock has a market capitalization of $16.83 million, a P/E ratio of 7.79 and a beta of 0.72.
RAVE Restaurant Group (NASDAQ: RAVE – Get a rating) last announced its results on Friday, May 6. The restaurateur reported earnings per share (EPS) of $0.03 for the quarter. The company had revenue of $2.62 million for the quarter. RAVE Restaurant Group achieved a net margin of 21.09% and a return on equity of 35.32%.
In other RAVE Restaurant Group news, Clinton CFO Dayne Fendley bought 28,700 shares in a trade dated Tuesday, May 10. The shares were acquired at an average cost of $0.88 per share, for a total transaction of $25,256.00. Following completion of the transaction, the CFO now owns 84,416 shares of the company, valued at approximately $74,286.08. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Over the past 90 days, insiders have purchased 145,329 shares of the company worth $128,182. Insiders hold 41.00% of the company’s shares.
A number of large investors have recently bought and sold shares of RAVE. Two Sigma Securities LLC bought a new position in RAVE Restaurant Group in Q3 worth $72,000. Lake Street Financial LLC bought a new position in RAVE Restaurant Group in Q4 worth $28,000. Renaissance Technologies LLC increased its position in RAVE Restaurant Group by 49.6% in the 4th quarter. Renaissance Technologies LLC now owns 378,237 shares of the restaurateur valued at $382,000 after purchasing an additional 125,459 shares in the last quarter. Finally, Virtu Financial LLC increased its position in RAVE Restaurant Group by 166.2% in the 1st quarter. Virtu Financial LLC now owns 67,144 shares of the restaurateur valued at $72,000 after buying an additional 41,918 shares in the last quarter. Hedge funds and other institutional investors own 7.33% of the company’s shares.
RAVE Restaurant Group Company Profile (Get a rating)
Rave Restaurant Group, Inc., together with its subsidiaries, operates and franchises pizza buffets, delivery/takeout (delco) restaurants and express restaurants under the Pizza Inn brand in the United States and around the world. It operates through three segments: Pizza Inn franchise, Pie Five franchise and company-owned restaurants.
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