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

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

Rave Restaurant Group Price Performance

Shares of NASDAQ:RAVE opened at $1.97 on Friday. Rave Restaurant Group has a 1 year low of $1.50 and a 1 year high of $2.64. The company has a market capitalization of $28.74 million, a P/E ratio of 13.13 and a beta of 0.37. The business’s 50 day simple moving average is $2.00 and its 200 day simple moving average is $2.11.

Rave Restaurant Group (NASDAQ:RAVE) last announced its earnings results on Thursday, February 1st. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $2.79 million during the quarter. Rave Restaurant Group had a return on equity of 20.66% and a net margin of 18.74%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rave Restaurant Group stock. James Investment Research Inc. acquired a new stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,000 shares of the restaurant operator’s stock, valued at approximately $36,000. James Investment Research Inc. owned 0.11% of Rave Restaurant Group at the end of the most recent quarter. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.