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

Equities researchers at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report issued on Monday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 0.7 %

RAVE opened at $2.85 on Monday. The business has a 50 day moving average price of $2.58 and a two-hundred day moving average price of $2.48. The company has a market cap of $41.93 million, a PE ratio of 15.83 and a beta of 0.59. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Institutional Investors Weigh In On Rave Restaurant Group

Several institutional investors have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new position in Rave Restaurant Group during the fourth quarter worth $29,000. Dimensional Fund Advisors LP boosted its position in shares of Rave Restaurant Group by 28.1% in 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 in the last quarter. Finally, Geode Capital Management LLC raised its position in Rave Restaurant Group by 36.9% during the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after acquiring an additional 34,977 shares during the last quarter. 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.