Geode Capital Management LLC Purchases 34,977 Shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE)

Geode Capital Management LLC increased its position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,864 shares of the restaurant operator’s stock after purchasing an additional 34,977 shares during the period. Geode Capital Management LLC owned about 0.88% of Rave Restaurant Group worth $264,000 at the end of the most recent reporting period.

Separately, Juncture Wealth Strategies LLC bought a new stake in shares of Rave Restaurant Group during the third quarter valued at approximately $49,000. 15.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Rave Restaurant Group in a research report on Tuesday, January 7th. They set a “buy” rating on the stock.

Rave Restaurant Group Price Performance

Shares of NASDAQ:RAVE opened at $2.50 on Tuesday. The business’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $2.33. Rave Restaurant Group, Inc. has a fifty-two week low of $1.64 and a fifty-two week high of $3.36. The stock has a market capitalization of $36.78 million, a price-to-earnings ratio of 13.89 and a beta of 0.60.

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.