Acadian Asset Management LLC Has $28,000 Stock Holdings in Rave Restaurant Group, Inc. (NASDAQ:RAVE)

Acadian Asset Management LLC reduced its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 37.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,397 shares of the restaurant operator’s stock after selling 8,675 shares during the period. Acadian Asset Management LLC owned approximately 0.10% of Rave Restaurant Group worth $28,000 as of its most recent filing with the SEC.

Separately, Corsair Capital Management L.P. increased its position in shares of Rave Restaurant Group by 5.0% during the fourth quarter. Corsair Capital Management L.P. now owns 172,573 shares of the restaurant operator’s stock worth $385,000 after acquiring an additional 8,258 shares in the last quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Rave Restaurant Group in a research note on Tuesday, September 17th. They issued a “buy” rating for the company.

Rave Restaurant Group Stock Performance

NASDAQ:RAVE opened at $1.79 on Friday. The stock has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.90. Rave Restaurant Group, Inc. has a 52-week low of $1.64 and a 52-week high of $2.64. The company has a market cap of $26.11 million, a PE ratio of 11.93 and a beta of 0.56.

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.