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 firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 2.8 %

Shares of RAVE opened at $1.72 on Monday. The stock has a market capitalization of $25.09 million, a P/E ratio of 11.47 and a beta of 0.56. The firm’s fifty day simple moving average is $1.82 and its two-hundred day simple moving average is $1.91. Rave Restaurant Group has a 12 month low of $1.62 and a 12 month high of $2.64.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. lifted its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned about 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period. 15.12% of the stock is currently owned by hedge funds and other 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.