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

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

Rave Restaurant Group Stock Down 0.7 %

RAVE opened at $3.02 on Friday. The company has a market cap of $44.42 million, a PE ratio of 16.78 and a beta of 0.56. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.36. The company has a 50-day moving average price of $2.86 and a 200 day moving average price of $2.21.

Rave Restaurant Group (NASDAQ:RAVE) last released its earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter. Rave Restaurant Group had a net margin of 21.49% and a return on equity of 21.37%. The business had revenue of $3.36 million during the quarter.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC grew its stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,864 shares of the restaurant operator’s stock after acquiring an additional 34,977 shares during the quarter. Geode Capital Management LLC owned about 0.88% of Rave Restaurant Group worth $264,000 as of its most recent SEC filing. 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.