Renaissance Technologies LLC Reduces Position in Rave Restaurant Group, Inc. (NASDAQ:RAVE)

Renaissance Technologies LLC lessened its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 22.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,003 shares of the restaurant operator’s stock after selling 50,019 shares during the quarter. Renaissance Technologies LLC owned approximately 1.17% of Rave Restaurant Group worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Rave Restaurant Group in a research note on Friday. They set a “buy” rating on the stock.

Rave Restaurant Group Price Performance

Shares of RAVE stock opened at $2.40 on Friday. The company has a market capitalization of $35.02 million, a price-to-earnings ratio of 14.12 and a beta of 0.57. Rave Restaurant Group, Inc. has a one year low of $1.64 and a one year high of $2.64. The company’s fifty day moving average price is $1.91 and its 200-day moving average price is $1.94.

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.