Rave Restaurant Group (NASDAQ:RAVE) Research Coverage Started at StockNews.com

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

Rave Restaurant Group Price Performance

Shares of NASDAQ:RAVE opened at $2.59 on Tuesday. The company has a market capitalization of $38.10 million, a P/E ratio of 14.39 and a beta of 0.60. Rave Restaurant Group has a 1 year low of $1.64 and a 1 year high of $3.36. The business’s 50 day simple moving average is $2.85 and its 200 day simple moving average is $2.32.

Institutional Trading of Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Geode Capital Management LLC raised its stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 0.88% of Rave Restaurant Group worth $264,000 as of its most recent SEC filing. 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.