StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

Equities researchers at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of NASDAQ RAVE opened at $2.18 on Friday. Rave Restaurant Group has a 1 year low of $1.70 and a 1 year high of $3.36. The firm has a 50-day moving average of $2.62 and a 200 day moving average of $2.69. The stock has a market cap of $32.07 million, a P/E ratio of 12.11 and a beta of 0.13.

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

Institutional Investors Weigh In On Rave Restaurant Group

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Rave Restaurant Group by 36.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after purchasing an additional 34,977 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Rave Restaurant Group by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after buying an additional 6,682 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Rave Restaurant Group during the fourth quarter valued at approximately $29,000. 15.12% of the stock is owned by hedge funds and other institutional investors.

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.