Rave Restaurant Group (NASDAQ:RAVE) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note published on Thursday. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE opened at $2.93 on Thursday. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.22. The company has a 50 day simple moving average of $2.61 and a two-hundred day simple moving average of $2.11. The company has a market capitalization of $43.10 million, a price-to-earnings ratio of 16.28 and a beta of 0.51.

Rave Restaurant Group (NASDAQ:RAVE) last announced its earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share for the quarter. Rave Restaurant Group had a net margin of 21.49% and a return on equity of 21.37%. The business had revenue of $3.36 million during the quarter.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC lifted its position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,864 shares of the restaurant operator’s stock after acquiring 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 filing with the Securities & Exchange Commission. 15.12% of the stock is currently owned by institutional investors.

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.