Rave Restaurant Group Inc. Forecasted to Earn Q2 2017 Earnings of ($0.07) Per Share (RAVE)
Rave Restaurant Group Inc. (NASDAQ:RAVE) – Research analysts at Roth Capital cut their Q2 2017 EPS estimates for Rave Restaurant Group in a note issued to investors on Thursday. Roth Capital analyst A. Brenner now forecasts that the brokerage will post earnings of ($0.07) per share for the quarter, down from their prior forecast of ($0.05). Roth Capital also issued estimates for Rave Restaurant Group’s Q3 2017 earnings at ($0.06) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.30) EPS and FY2018 earnings at ($0.15) EPS.
Separately, Zacks Investment Research lowered Rave Restaurant Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th.
Rave Restaurant Group (NASDAQ:RAVE) opened at 1.78 on Monday. The company’s 50-day moving average is $2.75 and its 200 day moving average is $3.73. The company’s market cap is $18.97 million. Rave Restaurant Group has a 12 month low of $1.66 and a 12 month high of $7.74.
In other news, CFO Timothy E. Mullany sold 11,000 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $3.03, for a total transaction of $33,330.00. Following the completion of the transaction, the chief financial officer now directly owns 23,185 shares in the company, valued at approximately $70,250.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 32.40% of the company’s stock.
Rave Restaurant Group Company Profile
Rave Restaurant Group, Inc operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark, Pizza Inn, and operates and franchises domestic fast casual restaurants under the trademarks Pie Five Pizza Company (Pie Five). The Company has two operating segments, which include Company-owned Restaurants, and Franchising and Food and Supply Distribution.
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