Rave Restaurant Group Inc (RAVE) is Downgraded by ROTH Capital to Neutral

Rave Restaurant Group Inc (RAVE) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on May 12, 2016.

Rave Restaurant Group Inc opened for trading at $5.04 and hit $5.2 on the upside on Tuesday, eventually ending the session at $5.08, with a gain of 1.20% or 0.06 points. The heightened volatility saw the trading volume jump to 55,209 shares. Company has a market cap of $52 M.

In a different news, on Feb 18, 2016, Timothy E Mullany (Chief Financial Officer) sold 2,000 shares at $5.00 per share price. According to the SEC, on Dec 30, 2015, Mark E Schwarz (Chairman) purchased 20,000 shares at $5.80 per share price. On Nov 20, 2015, William C Jr Hammett (director) purchased 5,000 shares at $5.88 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Rave Restaurant Group Inc

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