Rave Restaurant Group Inc. (NASDAQ:RAVE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “RAVE Restaurant Group, Inc. operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark Pizza Inn and Pie Five Pizza Company (Pie Five). Pie Five offers individual handcrafted pizzas with fresh ingredients made to order in less than five minutes. Pizza Inn is an international chain featuring freshly made traditional and specialty pizzas, salads, pastas, sandwiches and desserts. RAVE Restaurant Group, Inc., formerly known as Pizza Inn Holdings, Inc., is based in Dallas. “

Shares of Rave Restaurant Group (NASDAQ:RAVE) opened at 2.219 on Tuesday. Rave Restaurant Group has a 1-year low of $1.66 and a 1-year high of $7.74. The stock has a 50 day moving average of $2.52 and a 200 day moving average of $3.55. The firm’s market cap is $23.65 million.

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In related news, CFO Timothy E. Mullany sold 11,000 shares of Rave Restaurant Group stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $3.03, for a total value of $33,330.00. Following the completion of the sale, the chief financial officer now owns 23,185 shares in the company, valued at $70,250.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 32.40% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NASDAQ:RAVE

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