Rave Restaurant Group (NASDAQ:RAVE) Posts Earnings Results

Rave Restaurant Group (NASDAQ:RAVE) posted its quarterly earnings results on Thursday. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, Zacks reports. Rave Restaurant Group had a net margin of 22.44% and a return on equity of 19.80%. The business had revenue of $3.21 million for the quarter.

Rave Restaurant Group Trading Up 1.1%

RAVE traded up $0.03 on Friday, reaching $2.86. The stock had a trading volume of 38,599 shares, compared to its average volume of 32,095. The company has a market capitalization of $40.65 million, a price-to-earnings ratio of 15.05 and a beta of 0.45. Rave Restaurant Group has a fifty-two week low of $2.01 and a fifty-two week high of $3.75. The firm has a 50-day moving average of $3.06 and a 200-day moving average of $2.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Rave Restaurant Group currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rave Restaurant Group stock. Evergreen Capital Management LLC bought a new position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,265 shares of the restaurant operator’s stock, valued at approximately $56,000. Evergreen Capital Management LLC owned approximately 0.14% of Rave Restaurant Group as of its most recent filing with the Securities and Exchange Commission (SEC). 15.12% of the stock is owned by institutional investors and hedge funds.

Rave Restaurant Group Company Profile

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.