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

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued to investors on Wednesday. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

NASDAQ RAVE opened at $3.02 on Wednesday. The firm has a 50-day moving average of $2.64 and a 200-day moving average of $2.56. The stock has a market cap of $44.36 million, a PE ratio of 16.75 and a beta of 0.43. Rave Restaurant Group has a 52-week low of $1.69 and a 52-week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 20.68%.

Institutional Trading of Rave Restaurant Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Securities LLC acquired a new stake in Rave Restaurant Group in the 4th quarter worth about $29,000. Dimensional Fund Advisors LP raised its stake in Rave Restaurant Group by 28.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after purchasing an additional 6,682 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Rave Restaurant Group by 36.9% in the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 34,977 shares in the last quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

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.