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

Stock analysts at StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued on Friday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 0.4 %

Shares of NASDAQ:RAVE opened at $2.77 on Friday. The firm has a market capitalization of $40.75 million, a PE ratio of 15.39 and a beta of 0.43. Rave Restaurant Group has a 1-year low of $1.70 and a 1-year high of $3.36. The business’s 50 day moving average is $2.68 and its 200-day moving average is $2.65.

Rave Restaurant Group (NASDAQ:RAVE) last announced 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

A number of hedge funds and other institutional investors have recently made changes to their positions in RAVE. Two Sigma Securities LLC bought a new stake in shares of Rave Restaurant Group in the 4th quarter worth about $29,000. Dimensional Fund Advisors LP grew its stake in Rave Restaurant Group by 28.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after buying an additional 6,682 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 worth $264,000 after buying an additional 34,977 shares in the last quarter. 15.12% of the stock is 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.