Revenue Update on Rave Restaurant Group Inc(NASDAQ:RAVE)

Rave Restaurant Group Inc(NASDAQ:RAVE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Sep 23, 2016. Company reported revenue of $15.70M. Analysts estimated a revenue of $16.20M. Earnings per share were $-0.13. Analysts had estimated an EPS of $-0.06.

Rave Restaurant Group Inc (RAVE) made into the market gainers list on Tuesdays trading session with the shares advancing 1.94% or 0.06 points. Due to strong positive momentum, the stock ended at $3.15, which is also near the day’s high of $3.19. The stock began the session at $3.03 and the volume stood at 68,798 shares. The 52-week high of the shares is $9.7 and the 52 week low is $3.01. The company has a current market capitalization of $34 M and it has 1,06,56,551 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 18, 2016, Timothy E Mullany (Chief Financial Officer) sold 2,000 shares at $5.00 per share price.Also, 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.

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