Rave Restaurant Group Inc. (RAVE) CFO Timothy E. Mullany Sells 11,000 Shares of Stock
Rave Restaurant Group Inc. (NASDAQ:RAVE) CFO Timothy E. Mullany sold 11,000 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $3.03, for a total transaction of $33,330.00. Following the transaction, the chief financial officer now owns 23,185 shares in the company, valued at approximately $70,250.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Rave Restaurant Group Inc. (NASDAQ:RAVE) opened at 3.09 on Thursday. The stock’s market cap is $32.93 million. Rave Restaurant Group Inc. has a 52-week low of $3.00 and a 52-week high of $9.70. The stock’s 50 day moving average is $3.69 and its 200 day moving average is $4.25.
Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings results on Friday, September 23rd. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.76. The firm had revenue of $15.70 million for the quarter. Rave Restaurant Group had a negative net margin of 14.61% and a negative return on equity of 27.11%. On average, equities analysts predict that Rave Restaurant Group Inc. will post ($0.19) EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Rave Restaurant Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
About Rave Restaurant Group
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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