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

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report issued on Thursday. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

RAVE opened at $2.75 on Thursday. The business’s 50-day simple moving average is $2.65 and its 200-day simple moving average is $2.60. Rave Restaurant Group has a one year low of $1.70 and a one year high of $3.36. The stock has a market capitalization of $40.46 million, a P/E ratio of 15.28 and a beta of 0.43.

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

Institutional Trading of Rave Restaurant Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased 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 worth $264,000 after purchasing an additional 34,977 shares during the period. Dimensional Fund Advisors LP lifted 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 valued at $78,000 after buying an additional 6,682 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Rave Restaurant Group in the 4th 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.