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

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

Rave Restaurant Group Trading Down 0.8 %

Shares of Rave Restaurant Group stock opened at $2.61 on Wednesday. The firm has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $2.33. The stock has a market capitalization of $38.39 million, a price-to-earnings ratio of 14.50 and a beta of 0.60. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.36.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC increased its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,864 shares of the restaurant operator’s stock after acquiring an additional 34,977 shares during the quarter. Geode Capital Management LLC owned about 0.88% of Rave Restaurant Group worth $264,000 at the end of the most recent reporting period. 15.12% of the stock is owned by institutional investors and hedge funds.

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.