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

StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note released on Monday morning. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Up 12.1 %

RAVE stock opened at $2.87 on Monday. The firm has a 50 day moving average of $2.58 and a 200-day moving average of $2.47. The firm has a market capitalization of $42.22 million, a P/E ratio of 15.94 and a beta of 0.59. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $3.36.

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

Hedge Funds Weigh In On Rave Restaurant Group

Institutional investors have recently added to or reduced their stakes in the business. Two Sigma Securities LLC bought a new stake in Rave Restaurant Group during the fourth quarter valued at approximately $29,000. Dimensional Fund Advisors LP lifted its holdings in shares of Rave Restaurant Group by 28.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after acquiring an additional 6,682 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in 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 acquiring an additional 34,977 shares in the last quarter. 15.12% of the stock is currently owned by institutional investors.

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.