Rave Restaurant Group (NASDAQ:RAVE) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVEFree Report) in a report published on Tuesday. The brokerage issued a buy rating on the restaurant operator’s stock.

Separately, TheStreet lowered Rave Restaurant Group from a b rating to a c+ rating in a report on Wednesday, December 20th.

Check Out Our Latest Stock Analysis on RAVE

Rave Restaurant Group Stock Performance

NASDAQ:RAVE opened at $1.90 on Tuesday. The stock has a 50-day simple moving average of $2.11 and a two-hundred day simple moving average of $2.16. Rave Restaurant Group has a 52-week low of $1.31 and a 52-week high of $2.64. The firm has a market capitalization of $27.72 million, a PE ratio of 14.62 and a beta of 0.35.

Insider Transactions at Rave Restaurant Group

In other Rave Restaurant Group news, insider Value Llp Ima acquired 51,921 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $1.96 per share, with a total value of $101,765.16. Following the completion of the purchase, the insider now directly owns 1,011,807 shares in the company, valued at approximately $1,983,141.72. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.80% of the company’s stock.

Institutional Investors Weigh In On Rave Restaurant Group

A number of hedge funds have recently made changes to their positions in RAVE. Virtu Financial LLC lifted its position in shares of Rave Restaurant Group by 166.2% in the first quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock worth $72,000 after buying an additional 41,918 shares in the last quarter. Renaissance Technologies LLC raised its position in Rave Restaurant Group by 38.2% during the third quarter. Renaissance Technologies LLC now owns 243,800 shares of the restaurant operator’s stock valued at $341,000 after purchasing an additional 67,444 shares during the period. Geode Capital Management LLC raised its position in Rave Restaurant Group by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock valued at $217,000 after purchasing an additional 6,896 shares during the period. James Investment Research Inc. purchased a new stake in Rave Restaurant Group during the third quarter valued at approximately $36,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Rave Restaurant Group during the third quarter valued at approximately $107,000. 8.55% of the stock is currently owned by hedge funds and other institutional investors.

About Rave Restaurant Group

(Get Free Report)

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.

Further Reading

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