Rave Restaurant Group Inc. Expected to Post FY2017 Earnings of ($0.19) Per Share (RAVE)
Rave Restaurant Group Inc. (NASDAQ:RAVE) – Research analysts at Roth Capital lowered their FY2017 earnings per share estimates for Rave Restaurant Group in a research note issued to investors on Monday. Roth Capital analyst A. Brenner now expects that the firm will post earnings per share of ($0.19) for the year, down from their previous estimate of ($0.10).
Separately, Zacks Investment Research raised shares of Rave Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
Rave Restaurant Group (NASDAQ:RAVE) traded down 2.5302% on Wednesday, reaching $3.0703. 47,249 shares of the company traded hands. The stock’s 50 day moving average price is $3.82 and its 200 day moving average price is $4.36. Rave Restaurant Group has a one year low of $3.01 and a one year high of $9.70.
Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Friday, September 23rd. The company reported ($0.82) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.76. Rave Restaurant Group had a negative return on equity of 27.11% and a negative net margin of 14.61%. The firm had revenue of $15.70 million for the quarter.
Rave Restaurant Group Company Profile
Rave Restaurant Group, Inc, formerly Pizza Inn Holdings, Inc, operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark Pizza Inn and operates domestic fast casual restaurants under the trademarks Pie Five Pizza Company or Pie Five.
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