The company has reported quarterly losses throughout the year, which have contributed to the nasty pullback.
Shares came into the year at $7.10 and traded to a 52-week high of $16.20 by late March.
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The company’s sleek modern design and cleanliness made my stay that much more enjoyable as I took advantage of its free Wi-Fi to catch up on some stock quotes. Hygiene should always be the highest priority for any restaurant, and Pie Five prides itself on staying clean. coli concerns, and this type of news is always a risk to restaurant stocks. Of course, CMG’s stock has been taking a hit lately due to the E. The store I visited at lunchtime was bustling with business and, back then, I said that it reminded me of Chipotle Mexican Grill ( CMG). I didn’t grill him on the store’s numbers, as I was more interesting in learning more about the company’s story and culture.
I got to sample the food and talk with the general manager at one of the stores. I was excited for my first visit to Pie Five over a year ago after one opened in my area. Besides offering customers a convenient way to pick their own crust, sauce and ingredients, Pie Five is able to hand customers their personal pie in under two minutes from when they give the server the thumbs up on their creation. Pie Five Pizza has been introducing a revolutionary way for its customers to enjoy pizza over the last three years, which began with the launch of its first location in Texas. Most consumers wouldn’t think pizza fits into this market, but the company’s state-of-the-art ovens are changing the industry. RAVE is competing for market share in the “fast casual” space with its concept of high-quality food served quick and fresh.
With a market-cap of just over $60 million, seeing these types of moves in micro-cap stocks is not uncommon as companies fight for market share. Shares of Rave Restaurant Group ( RAVE) have been volatile throughout 2015, with plenty of momentum to both the upside and downside. Rick Rouse’s pick for the contest is Rave Restaurant Group Inc ( RAVE). Also, this column is part of our Best Stocks for 2016 contest. 21, which is why the prices mentioned may differ slightly from current share prices. Editor’s Note: The author’s technical analysis was done on Dec.
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