StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

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

Rave Restaurant Group Trading Up 6.3 %

Shares of RAVE stock opened at $2.55 on Friday. The stock has a 50 day moving average of $2.62 and a two-hundred day moving average of $2.44. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $3.36. The company has a market capitalization of $37.51 million, a P/E ratio of 14.17 and a beta of 0.59.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a return on equity of 21.17% and a net margin of 21.80%.

Institutional Investors Weigh In On Rave Restaurant Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RAVE. Two Sigma Securities LLC acquired a new stake in Rave Restaurant Group during the 4th quarter valued at $29,000. Dimensional Fund Advisors LP increased its holdings in Rave Restaurant Group by 28.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after purchasing an additional 6,682 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Rave Restaurant Group by 36.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after purchasing an additional 34,977 shares in the last quarter. 15.12% of the stock is 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.