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While the pizza industry has weathered the storm, Rave Restaurant Group (RAVE) has not. Despite being in the pizza business, their focus on dine-in and fast casual will prove detrimental for Rave Restaurant Group. We believe Rave Restaurant is a sell.
Where we stand in the restaurant industry
With the loosening of social distancing across multiple states in mid-May and early June, there will be a large focus on the restaurant industry. As one of the hardest hit sectors due to the closure of dining rooms and being mandated to provide meals through takeout, delivery