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

StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report published on Sunday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of RAVE opened at $2.55 on Friday. The company’s 50-day moving average is $2.63 and its 200-day moving average is $2.44. The firm has a market capitalization of $37.51 million, a PE ratio of 14.17 and a beta of 0.59. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 21.17%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RAVE. Geode Capital Management LLC boosted its position in shares of Rave Restaurant Group by 36.9% in the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after acquiring an additional 34,977 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 worth $78,000 after purchasing an additional 6,682 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Rave Restaurant Group in the 4th quarter worth about $29,000. Institutional investors 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.