Rave Restaurant Group Inc. (NASDAQ:RAVE) 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 transaction of $33,330.00. Following the completion of the transaction, the chief financial officer now directly owns 23,185 shares in the company, valued at $70,250.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Rave Restaurant Group Inc. (NASDAQ:RAVE) traded up 2.32% on Wednesday, hitting $3.09. 72,253 shares of the company traded hands. Rave Restaurant Group Inc. has a 1-year low of $3.00 and a 1-year high of $9.70. The firm’s 50 day moving average price is $3.69 and its 200-day moving average price is $4.25. The stock’s market capitalization is $32.93 million.
Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Friday, September 23rd. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.76. Rave Restaurant Group had a negative net margin of 14.61% and a negative return on equity of 27.11%. The company had revenue of $15.70 million for the quarter. On average, equities research analysts expect that Rave Restaurant Group Inc. will post ($0.19) earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Rave Restaurant Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th.
About Rave Restaurant Group
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.
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