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

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

Rave Restaurant Group Stock Performance

Shares of Rave Restaurant Group stock opened at $2.25 on Thursday. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $2.64. The company’s 50 day moving average price is $1.83 and its 200-day moving average price is $1.91. The stock has a market capitalization of $32.83 million, a price-to-earnings ratio of 15.00 and a beta of 0.56.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. raised its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the period. Corsair Capital Management L.P. owned 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period. Institutional investors own 15.12% of the company’s stock.

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.