Rave Restaurant Group Inc. (RAVE) to Post FY2017 Earnings of ($0.19) Per Share, Roth Capital Forecasts

Rave Restaurant Group Inc. (NASDAQ:RAVE) – Analysts at Roth Capital dropped their FY2017 earnings per share estimates for shares of Rave Restaurant Group in a research note issued to investors on Monday. Roth Capital analyst A. Brenner now anticipates that the brokerage will earn ($0.19) per share for the year, down from their prior estimate of ($0.10).

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Friday, September 23rd. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.76. The business earned $15.70 million during the quarter. Rave Restaurant Group had a negative net margin of 14.61% and a negative return on equity of 27.11%.

Separately, Zacks Investment Research raised shares of Rave Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th.

Rave Restaurant Group (NASDAQ:RAVE) traded up 0.66% on Wednesday, reaching $3.04. 8,094 shares of the company’s stock were exchanged. Rave Restaurant Group has a 1-year low of $3.01 and a 1-year high of $9.70. The stock’s 50 day moving average price is $3.78 and its 200 day moving average price is $4.34.

Rave Restaurant Group Company Profile

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.

5 Day Chart for NASDAQ:RAVE

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