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

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

Rave Restaurant Group Trading Down 0.7 %

Shares of NASDAQ:RAVE opened at $2.75 on Thursday. Rave Restaurant Group has a 12 month low of $1.70 and a 12 month high of $3.36. The company has a market cap of $40.46 million, a price-to-earnings ratio of 15.28 and a beta of 0.43. The company has a 50-day moving average price of $2.66 and a 200-day moving average price of $2.61.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings data 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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in RAVE. Geode Capital Management LLC lifted its position in Rave Restaurant Group by 36.9% during the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after buying an additional 34,977 shares during the period. Dimensional Fund Advisors LP grew 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 acquiring an additional 6,682 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Rave Restaurant Group during the fourth quarter valued at $29,000. Institutional investors own 15.12% of the company’s stock.

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.