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

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

Rave Restaurant Group Trading Up 7.2 %

Shares of NASDAQ:RAVE opened at $2.23 on Friday. Rave Restaurant Group has a 12-month low of $1.70 and a 12-month high of $3.36. The business’s fifty day simple moving average is $2.63 and its 200-day simple moving average is $2.69. The company has a market capitalization of $32.81 million, a PE ratio of 12.39 and a beta of 0.13.

Rave Restaurant Group (NASDAQ:RAVE) last released 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 20.68% and a net margin of 21.80%.

Institutional Trading of Rave Restaurant Group

Institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC purchased a new position in shares of Rave Restaurant Group in the 4th quarter valued at about $29,000. Dimensional Fund Advisors LP boosted its position in shares of Rave Restaurant Group by 28.1% in 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 during the period. Finally, Geode Capital Management LLC grew its position 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 acquiring an additional 34,977 shares during the last quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.

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.