Rave Restaurant Group (NASDAQ:RAVE) Announces Quarterly Earnings Results

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

Rave Restaurant Group Trading Up 14.1%

RAVE stock traded up $0.35 during midday trading on Thursday, reaching $2.83. The company had a trading volume of 178,861 shares, compared to its average volume of 32,065. The company has a 50 day moving average of $3.07 and a two-hundred day moving average of $2.84. Rave Restaurant Group has a 1 year low of $2.01 and a 1 year high of $3.75. The company has a market capitalization of $40.22 million, a P/E ratio of 14.90 and a beta of 0.45.

Wall Street Analyst Weigh In

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

Institutional Trading of Rave Restaurant Group

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

About Rave Restaurant Group

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.