StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

Equities researchers at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report issued on Tuesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

NASDAQ:RAVE opened at $2.85 on Tuesday. The firm has a 50 day simple moving average of $2.60 and a 200-day simple moving average of $2.51. The firm has a market cap of $41.93 million, a PE ratio of 15.83 and a beta of 0.59. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data 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 20.68%.

Hedge Funds Weigh In On Rave Restaurant Group

Several institutional investors and hedge funds have recently bought and sold shares of RAVE. Geode Capital Management LLC increased its position in Rave Restaurant Group by 36.9% during the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 34,977 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Rave Restaurant Group by 28.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after buying an additional 6,682 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in Rave Restaurant Group during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds 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.