Stocks: Research Analysts Set Expectations for Rave Restaurant Group Inc.’s Q2 2017 Earnings (RAVE)

Stocks: Research Analysts Set Expectations for Rave Restaurant Group Inc.’s Q2 2017 Earnings (RAVE)

Rave Restaurant Group Inc. (NASDAQ:RAVE) – Research analysts at Roth Capital dropped their Q2 2017 earnings per share (EPS) estimates for shares of Rave Restaurant Group in a research note issued to investors on Thursday. Roth Capital analyst A. Brenner now expects that the firm will post earnings per share of ($0.07) for the quarter, down from their prior forecast of ($0.05). Roth Capital also issued estimates for Rave Restaurant Group’s Q3 2017 earnings at ($0.06) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.30) EPS and FY2018 earnings at ($0.15) EPS.

Separately, Zacks Investment Research cut Rave Restaurant Group from a “hold” rating to a “sell” rating in a report on Thursday, September 29th.

Shares of Rave Restaurant Group (NASDAQ:RAVE) opened at 2.07 on Monday. The stock’s market capitalization is $22.06 million. Rave Restaurant Group has a 52 week low of $1.92 and a 52 week high of $7.74. The company has a 50-day moving average price of $2.82 and a 200 day moving average price of $3.80.

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In other news, CFO Timothy E. Mullany sold 11,000 shares of Rave Restaurant Group stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $3.03, for a total value of $33,330.00. Following the completion of the sale, the chief financial officer now directly owns 23,185 shares of the company’s stock, valued at approximately $70,250.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 32.40% of the stock is owned by insiders.

Rave Restaurant Group Company Profile

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