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

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report sent to investors on Monday. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

NASDAQ:RAVE opened at $2.64 on Monday. The company has a 50-day moving average of $2.89 and a 200-day moving average of $2.27. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.36. The company has a market capitalization of $38.84 million, a price-to-earnings ratio of 14.67 and a beta of 0.56.

Hedge Funds Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Geode Capital Management LLC raised its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,864 shares of the restaurant operator’s stock after acquiring an additional 34,977 shares during the quarter. Geode Capital Management LLC owned approximately 0.88% of Rave Restaurant Group worth $264,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 15.12% of the company’s stock.

About Rave Restaurant Group

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.