Rave Restaurant Group (NASDAQ:RAVE) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a note issued to investors on Saturday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 3.6 %

Rave Restaurant Group stock opened at $2.41 on Friday. The stock has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $2.68. The stock has a market capitalization of $35.46 million, a price-to-earnings ratio of 13.39 and a beta of 0.43. Rave Restaurant Group has a 12-month low of $1.70 and a 12-month high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last announced its earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share 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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position 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 worth $264,000 after purchasing an additional 34,977 shares during the period. Two Sigma Securities LLC bought a new position in shares of Rave Restaurant Group in the 4th quarter valued at about $29,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Rave Restaurant Group by 28.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after buying an additional 6,682 shares during the period. 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.