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

Research analysts at StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued on Thursday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

RAVE stock opened at $3.01 on Thursday. The company has a 50-day moving average of $2.63 and a two-hundred day moving average of $2.12. The stock has a market capitalization of $44.28 million, a price-to-earnings ratio of 16.45 and a beta of 0.51. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $3.22.

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

Institutional Trading of Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC increased its holdings in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% in the 3rd quarter, according to its most recent disclosure with the Securities & 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 approximately 0.88% of Rave Restaurant Group worth $264,000 at the end of the most recent quarter. 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.