Rave Restaurant Group Inc. (NASDAQ:RAVE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “RAVE Restaurant Group, Inc. operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark Pizza Inn and Pie Five Pizza Company (Pie Five). Pie Five offers individual handcrafted pizzas with fresh ingredients made to order in less than five minutes. Pizza Inn is an international chain featuring freshly made traditional and specialty pizzas, salads, pastas, sandwiches and desserts. RAVE Restaurant Group, Inc., formerly known as Pizza Inn Holdings, Inc., is based in Dallas. “

Rave Restaurant Group (NASDAQ:RAVE) opened at 2.1368 on Tuesday. The company’s 50-day moving average is $2.52 and its 200 day moving average is $3.55. Rave Restaurant Group has a 52 week low of $1.66 and a 52 week high of $7.74. The company’s market capitalization is $22.77 million.

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In other Rave Restaurant Group news, CFO Timothy E. Mullany sold 11,000 shares of Rave Restaurant Group stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $3.03, for a total transaction of $33,330.00. Following the completion of the sale, the chief financial officer now directly owns 23,185 shares in the company, valued at $70,250.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 32.40% of the company’s stock.

About Rave Restaurant Group

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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