Zacks Investment Research upgraded Rave Restaurant Group Inc (NASDAQ:RAVE) to Hold in a report released today.
- Updated: November 28, 2016
Zacks Investment Research has upgraded Rave Restaurant Group Inc (NASDAQ:RAVE) to Hold in a report released on Tuesday November 29, 2016.
Previously on Saturday November 14, 2015, ROTH Capital reported about Rave Restaurant Group Inc (NASDAQ:RAVE) lowered the target price from $20.00 to $14.00. At the time, this indicated a possible upside of 0%.
Yesterday Rave Restaurant Group Inc (NASDAQ:RAVE) traded 5.67% higher at $2.20. The company’s 50-day moving average is $2.52 and its 200-day moving average is $3.55. The last stock close price is down -37.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 55,425
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Rave Restaurant Group Inc has a 52 week low of $1.66 and a 52 week high of $7.74 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is $9.00 with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Rave Restaurant Group Inc (NASDAQ:RAVE)
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. The 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-owned Restaurant segment includes sales and operating results for all Company-owned restaurants. It provides or facilitates the procurement and distribution of food, equipment and supplies to domestic and international system of restaurants through Norco Restaurant Services Company (Norco) division and through agreements with third-party distributors.
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