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 note issued on Tuesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Up 0.4 %

NASDAQ RAVE opened at $2.85 on Tuesday. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.36. The company has a market cap of $41.93 million, a price-to-earnings ratio of 15.83 and a beta of 0.59. The company has a 50 day moving average of $2.61 and a 200-day moving average of $2.52.

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 net margin of 21.80% and a return on equity of 20.68%.

Institutional Trading of Rave Restaurant Group

A number of large investors have recently added to or reduced their stakes in RAVE. Geode Capital Management LLC grew its stake 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 valued at $264,000 after acquiring an additional 34,977 shares in the last quarter. Two Sigma Securities LLC purchased a new position in Rave Restaurant Group during the fourth quarter valued at approximately $29,000. Finally, Dimensional Fund Advisors LP grew its stake in 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 valued at $78,000 after acquiring an additional 6,682 shares in 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.