RAVE Restaurant Group - RAVE Stock Forecast, Price & News

Rave Restaurant Group, Inc., together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. The company's buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services. Its delco restaurants provide delivery and carryout services and are located in shopping centers or other in-line retail developments. The company's Express restaurants serve customers through various non-traditional points of sale and are located in convenience stores, food courts, college campuses, airport terminals, travel plazas, athletic facilities, or other commercial facilities. In addition, it operates and franchises fast casual restaurants under the Pie Five Pizza Company or Pie Five trademarks. As of June 27, 2021, the company had 33 franchised Pie Five Units, 156 franchised Pizza Inn restaurants, and 11 licensed Pizza Inn Express, or PIE, kiosks. The company was formerly known as Pizza Inn Holdings, Inc. and changed its name to Rave Restaurant Group, Inc. in January 2015. Rave Restaurant Group, Inc. was founded in 1958 and is based in The Colony, Texas.

Analyst Ratings Changes

Separately, StockNews.com began coverage on RAVE Restaurant Group in a research note on Tuesday. They issued a "buy" rating on the stock.

RAVE Restaurant Group Stock Performance

Shares of RAVE Stock opened at $1.38 on Tuesday. RAVE Restaurant Group has a fifty-two week low of $0.82 and a fifty-two week high of $1.80. The firm has a market capitalization of $24.84 million, a price-to-earnings ratio of 11.50 and a beta of 0.64. The stock's 50-day simple moving average is $1.15 and its 200-day simple moving average is $1.06.

RAVE Restaurant Group (NASDAQ:RAVE - Get Rating) last issued its quarterly earnings results on Friday, May 6th. The restaurant operator reported $0.03 earnings per share for the quarter. RAVE Restaurant Group had a return on equity of 35.32% and a net margin of 21.09%. The business had revenue of $2.62 million for the quarter.