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

Stock analysts at StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVEGet Free Report) in a report issued on Thursday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 0.4 %

Shares of NASDAQ RAVE opened at $2.64 on Thursday. The firm’s 50-day moving average price is $2.79 and its two-hundred day moving average price is $2.36. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $3.36. The stock has a market capitalization of $38.83 million, a P/E ratio of 14.67 and a beta of 0.60.

Rave Restaurant Group (NASDAQ:RAVEGet Free Report) last posted its earnings results on Thursday, November 7th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $3.05 million for the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rave Restaurant Group stock. Geode Capital Management LLC boosted its position in Rave Restaurant Group, Inc. (NASDAQ:RAVEFree Report) by 36.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 approximately 0.88% of Rave Restaurant Group worth $264,000 as of its most recent SEC filing. 15.12% of the stock is owned by hedge funds and other institutional investors.

Rave Restaurant Group Company Profile

(Get Free Report)

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.

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