The stock of Rave Restaurant Group Inc (NASDAQ:RAVE) hit a new 52-week low and has $1.91 target or 13.00% below today’s $2.20 share price. The 8 months bearish chart indicates high risk for the $20.10M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $1.91 price target is reached, the company will be worth $2.61 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 138,052 shares traded hands or 248.12% up from the average. Rave Restaurant Group Inc (NASDAQ:RAVE) has declined 52.98% since April 7, 2016 and is downtrending. It has underperformed by 57.76% the S&P500.
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. On Friday, October 16 the stock rating was downgraded by TheStreet to “Sell”. The stock of Rave Restaurant Group Inc (NASDAQ:RAVE) has “Buy” rating given on Friday, November 13 by Roth Capital. The stock has “Neutral” rating given by Roth Capital on Thursday, May 12. As per Friday, November 13, the company rating was maintained 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 First Fiscal Quarter Financial Results” on November 09, 2016, also Prnewswire.com with their article: “RAVE Restaurant Group, Inc. Reports Fourth Quarter and Fiscal Year 2016 …” published on September 23, 2016, Investorplace.com published: “Best Stocks for 2016: Rave Restaurant Group Inc (RAVE) Taps Fresh 52-Week Low” on October 11, 2016. More interesting news about Rave Restaurant Group Inc (NASDAQ:RAVE) were released by: Thestreet.com and their article: “Rave Restaurant Group (RAVE) Upgraded From Sell to Hold” published on January 27, 2015 as well as Seekingalpha.com‘s news article titled: “The Problem With Rave Restaurant Group” with publication date: October 20, 2016.
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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