Notable Runner: Could Rave Restaurant Group Inc Crash Even More? The Stock Had Another Big Decline Today

Notable Runner: Could Rave Restaurant Group Inc Crash Even More? The Stock Had Another Big Decline Today

The stock of Rave Restaurant Group Inc (NASDAQ:RAVE) is a huge mover today! About 61,108 shares traded hands or 62.11% up from the average. Rave Restaurant Group Inc (NASDAQ:RAVE) has declined 45.35% since April 6, 2016 and is downtrending. It has underperformed by 47.30% the S&P500.
The move comes after 6 months negative chart setup for the $27.10 million company. It was reported on Nov, 8 by Barchart.com. We have $2.30 PT which if reached, will make NASDAQ:RAVE worth $2.98 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. The firm has “Buy” rating given on Friday, November 13 by TH Capital. Roth Capital maintained Rave Restaurant Group Inc (NASDAQ:RAVE) on Friday, November 13 with “Buy” rating. The stock of Rave Restaurant Group Inc (NASDAQ:RAVE) has “Neutral” rating given on Thursday, May 12 by Roth Capital. The company was downgraded on Friday, October 16 by TheStreet.

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: “Best Stocks for 2016: Rave Restaurant Group Inc (RAVE) Taps Fresh 52-Week Low” published on October 11, 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: Seekingalpha.com and their article: “The Problem With Rave Restaurant Group” published on October 20, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Rave Restaurant Group Inc.RAVE” with publication date: January 10, 2015.

RAVE Company Profile

Rave Restaurant Group, 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 and franchises domestic fast casual restaurants under the trademarks Pie Five Pizza Company (Pie Five). The Firm has two operating divisions, 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. The Firm 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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