Rave Restaurant Group (NASDAQ:RAVE) Research Coverage Started at StockNews.com

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

Rave Restaurant Group Trading Down 1.9 %

Shares of NASDAQ RAVE opened at $2.06 on Wednesday. Rave Restaurant Group has a 12-month low of $1.64 and a 12-month high of $2.64. The firm’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.90. The stock has a market capitalization of $30.06 million, a price-to-earnings ratio of 13.73 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. grew its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.