News articles about Rave Restaurant Group (NASDAQ:RAVE) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rave Restaurant Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 47.7953247733673 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Rave Restaurant Group (NASDAQ:RAVE) opened at $1.64 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 1.03. Rave Restaurant Group has a twelve month low of $1.27 and a twelve month high of $3.01.
In other news, CEO Scott Crane bought 178,540 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average price of $1.40 per share, with a total value of $249,956.00. Following the acquisition, the chief executive officer now owns 240,103 shares of the company’s stock, valued at approximately $336,144.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark E. Schwarz sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $1.40, for a total transaction of $700,000.00. Following the sale, the chairman now directly owns 100,691 shares in the company, valued at approximately $140,967.40. The disclosure for this sale can be found here. Corporate insiders own 32.40% of the company’s stock.
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Rave Restaurant Group Company Profile
Rave Restaurant Group, Inc 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 Company has two operating segments, which include Company-owned Restaurants, and Franchising and Food and Supply Distribution.
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