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

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

Rave Restaurant Group Stock Performance

Rave Restaurant Group stock opened at $2.41 on Friday. Rave Restaurant Group has a fifty-two week low of $1.70 and a fifty-two week high of $3.36. The firm’s 50-day simple moving average is $2.67 and its 200 day simple moving average is $2.67. The stock has a market cap of $35.46 million, a PE ratio of 13.39 and a beta of 0.43.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Institutional Trading of Rave Restaurant Group

A number of large investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC purchased a new position in Rave Restaurant Group in the fourth quarter valued at about $29,000. Dimensional Fund Advisors LP raised its holdings in shares of 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 during the period. Finally, Geode Capital Management LLC lifted its stake in 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 purchasing an additional 34,977 shares during the last quarter. Hedge funds and other 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.