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 released on Tuesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

RAVE opened at $1.88 on Tuesday. The firm has a market cap of $27.43 million, a price-to-earnings ratio of 12.53 and a beta of 0.56. Rave Restaurant Group has a 52 week low of $1.62 and a 52 week high of $2.64. The business’s 50 day moving average is $1.89 and its two-hundred day moving average is $1.95.

Rave Restaurant Group (NASDAQ:RAVE) last released its earnings results on Thursday, May 2nd. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $2.96 million for the quarter. Rave Restaurant Group had a return on equity of 20.19% and a net margin of 18.74%.

Institutional Trading of Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. lifted its holdings in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,573 shares of the restaurant operator’s stock after buying an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned 1.18% of Rave Restaurant Group worth $385,000 as of its most recent SEC filing. 15.12% of the stock is currently owned by institutional investors.

About Rave Restaurant Group

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.