Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

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

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE opened at $1.79 on Tuesday. The firm’s fifty day moving average is $1.81 and its two-hundred day moving average is $1.90. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $2.64. The company has a market cap of $26.12 million, a P/E ratio of 11.93 and a beta of 0.56.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. raised its position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,573 shares of the restaurant operator’s stock after acquiring an additional 8,258 shares during the period. Corsair Capital Management L.P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.12% of the stock is owned by 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.