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

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued to investors on Tuesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE opened at $2.75 on Tuesday. The stock has a fifty day moving average of $2.61 and a 200-day moving average of $2.52. The stock has a market cap of $40.46 million, a PE ratio of 15.28 and a beta of 0.59. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Two Sigma Securities LLC bought a new stake in Rave Restaurant Group during the fourth quarter valued at $29,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 6,682 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Rave Restaurant Group by 36.9% in the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 34,977 shares during the last quarter. 15.12% of the stock is currently owned by hedge funds and other 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.