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Added to YB: 2026-05-21

Pitch date: 2026-05-19

RAVE [bullish]

Rave Restaurant Group, Inc.

+5.54%

current return

Author Info

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Company Info

Rave Restaurant Group, Inc., through its subsidiaries, engages in the operation and franchising of pizza buffet, delivery and carry-out, express restaurants, and ghost kitchens under the Pizza Inn and Pie Five trademarks in the United States and internationally.

Market Cap

$39.8M

Pitch Price

$2.71

Price Target

N/A

Dividend

N/A

EV/EBITDA

6.50

P/E

13.59

EV/Sales

2.22

Sector

Hotels, Restaurants and Leisure

Category

value

Show full summary:
RAVE Restaurant Group, a small-cap compounder at 6.7x EV/EBITDA near a growth inflection

RAVE: Micro-cap pizza franchisor at 6.7x EV/EBITDA, ~31% EBITDA margin, >90% FCF conversion, 0 debt, $12M cash. Pizza Inn buffet (90% rev) SSS +8% in Q3'25 vs fast-casual peers down. Unit economics: $415k-$793k build, $1.2M-$1.4M AUV, 3-4yr payback vs peers at 18x EV/EBITDA. Pipeline: 30 franchisees signed, 13 stores under contract next 3qtrs, 4 opened YTD. Trades 1/3 peer avg multiple despite comparable margins/unit econ. Risk: unproven unit growth sustainability, going dark potential.

Read full article (9 min)