RAVE Restaurant Group (NASDAQ:RAVE) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of RAVE Restaurant Group (NASDAQ:RAVEGet Rating) in a report issued on Friday morning. The firm issued a buy rating on the restaurant operator’s stock.

RAVE Restaurant Group Stock Down 4.0 %

Shares of RAVE opened at $1.19 on Friday. The business has a 50-day simple moving average of $1.27 and a two-hundred day simple moving average of $1.10. The stock has a market cap of $21.43 million, a price-to-earnings ratio of 9.92 and a beta of 0.64. RAVE Restaurant Group has a 52 week low of $0.82 and a 52 week high of $1.80.

Hedge Funds Weigh In On RAVE Restaurant Group

A hedge fund recently raised its stake in RAVE Restaurant Group stock. Virtu Financial LLC boosted its position in shares of RAVE Restaurant Group, Inc. (NASDAQ:RAVEGet Rating) by 166.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,144 shares of the restaurant operator’s stock after buying an additional 41,918 shares during the period. Virtu Financial LLC owned approximately 0.37% of RAVE Restaurant Group worth $72,000 as of its most recent SEC filing. 5.55% of the stock is currently owned by institutional investors.

RAVE Restaurant Group Company Profile

(Get Rating)

Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.

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