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

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

Rave Restaurant Group Trading Down 0.7 %

Shares of Rave Restaurant Group stock opened at $2.75 on Thursday. Rave Restaurant Group has a twelve month low of $1.70 and a twelve month high of $3.36. The stock has a market capitalization of $40.46 million, a P/E ratio of 15.28 and a beta of 0.43. The business’s fifty day moving average price is $2.66 and its 200 day moving average price is $2.60.

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

Institutional Trading of Rave Restaurant Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in 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 valued at $264,000 after acquiring an additional 34,977 shares during the period. Dimensional Fund Advisors LP boosted its position 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 buying an additional 6,682 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in shares of Rave Restaurant Group during the fourth quarter worth approximately $29,000. 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.