Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

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

Rave Restaurant Group Stock Performance

RAVE opened at $2.81 on Thursday. Rave Restaurant Group has a fifty-two week low of $1.70 and a fifty-two week high of $3.36. The company has a market capitalization of $41.34 million, a P/E ratio of 15.61 and a beta of 0.43. The stock has a fifty day moving average of $2.65 and a 200-day moving average of $2.60.

Rave Restaurant Group (NASDAQ:RAVE) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share 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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Rave Restaurant Group by 28.1% during the fourth 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. Two Sigma Securities LLC bought a new position in shares of Rave Restaurant Group in the fourth quarter worth $29,000. Finally, Geode Capital Management LLC increased its position in shares of Rave Restaurant Group by 36.9% in the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 34,977 shares during the period. Institutional investors and hedge funds 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.