The stock of Rave Restaurant Group Inc (NASDAQ:RAVE) is a huge mover today! About 134,190 shares traded hands or 125.32% up from the average. Rave Restaurant Group Inc (NASDAQ:RAVE) has declined 42.24% since March 3, 2016 and is downtrending. It has underperformed by 50.59% the S&P500.
The move comes after 5 months negative chart setup for the $30.53 million company. It was reported on Oct, 6 by Barchart.com. We have $2.44 PT which if reached, will make NASDAQ:RAVE worth $3.97 million less.
Rave Restaurant Group Inc (NASDAQ:RAVE) Ratings Coverage
Out of 3 analysts covering RAVE Restaurant Group (NASDAQ:RAVE), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. RAVE Restaurant Group has been the topic of 4 analyst reports since October 16, 2015 according to StockzIntelligence Inc. Roth Capital maintained it with “Buy” rating and $14 target price in Friday, November 13 report. Roth Capital downgraded the stock to “Neutral” rating in Thursday, May 12 report. TheStreet downgraded the shares of RAVE in a report on Friday, October 16 to “Sell” rating. The firm earned “Buy” rating on Friday, November 13 by TH Capital.
According to Zacks Investment Research, “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.”
More notable recent Rave Restaurant Group Inc (NASDAQ:RAVE) news were published by: Prnewswire.com which released: “RAVE Restaurant Group, Inc. Reports Fourth Quarter and Fiscal Year 2016 …” on September 23, 2016, also Investorplace.com with their article: “RAVE Stock: Growing Pains Hit Rave Restaurant Group Inc” published on July 13, 2016, Thestreet.com published: “Rave Restaurant Group (RAVE) Upgraded From Sell to Hold” on January 27, 2015. More interesting news about Rave Restaurant Group Inc (NASDAQ:RAVE) were released by: Quotes.Wsj.com and their article: “News Rave Restaurant Group Inc.RAVE” published on January 10, 2015 as well as Prnewswire.com‘s news article titled: “RAVE Restaurant Group Announces Preliminary Second Quarter Results for Fiscal 2016” with publication date: January 11, 2016.
RAVE Company Profile
Rave Restaurant Group, Inc., formerly Pizza Inn Holdings, Inc., incorporated on August 26, 2011, 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. The Firm operates through two divisions: Franchising and Food and Supply Distribution, and Company-owned Restaurants. The Company’s Franchising and Food and Supply Distribution segment establishes franchisees and franchise territorial rights, and sells and distributes proprietary and non-proprietary food and other items to franchisees. The Company’s Company-owned Restaurant segment includes sales and operating results for all Company-owned restaurants.
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