Zacks Investment Research downgraded Rave Restaurant Group Inc (NASDAQ:RAVE) to Sell in a report released today.
- Updated: September 28, 2016
Yesterday Rave Restaurant Group Inc (NASDAQ:RAVE) traded -3.17% lower at $3.05. The company’s 50-day moving average is $3.80 and its 200-day moving average is $4.35. The last closing price is down -29.83% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 67,235 shares of the stock were exchanged, up from an avg. volume of 54,761
Zacks Investment Research has downgraded Rave Restaurant Group Inc (NASDAQ:RAVE) to Sell in a report released on 09/29/2016.
Previously on 5/12/2016, Roth Capital reported on Rave Restaurant Group Inc (NASDAQ:RAVE) reduced the target price from $9.00 to $5.40. At the time, this indicated a possible upside of 0.15%.
With a total market value of $0, Rave Restaurant Group Inc has with a one year low of $3.01 and a one year high of $9.70 .
A total of 1 equity analyst has reported on the stock. zero analysts rating the company a strong buy, one brokerage rating the company a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the company a sell with a 12-month price target of $9.00.
More About Rave Restaurant Group Inc (NASDAQ:RAVE)
Rave Restaurant Group, Inc., formerly Pizza Inn Holdings, Inc., 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 Company operates through two segments: 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. Its Company-owned Restaurant segment includes sales and operating results for all Company-owned restaurants. It provides or facilitates food, equipment and supply distribution to its domestic and international system of restaurants through its Norco Restaurant Services Company (Norco) division and through agreements with third party distributors.
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