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

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report released on Monday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

RAVE opened at $2.56 on Monday. The stock has a market capitalization of $37.66 million, a PE ratio of 14.22 and a beta of 0.59. Rave Restaurant Group has a one year low of $1.64 and a one year high of $3.36. The business’s 50 day moving average price is $2.58 and its 200 day moving average price is $2.47.

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

Institutional Investors Weigh In On Rave Restaurant Group

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC purchased a new position in Rave Restaurant Group during the 4th quarter valued at about $29,000. Dimensional Fund Advisors LP boosted its stake 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 valued at $78,000 after buying an additional 6,682 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 34,977 shares in 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.