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

Research analysts at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a note issued to investors on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of Rave Restaurant Group stock opened at $2.10 on Wednesday. The company’s 50 day moving average price is $1.81 and its two-hundred day moving average price is $1.90. The firm has a market capitalization of $30.63 million, a P/E ratio of 14.00 and a beta of 0.56. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $2.64.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. boosted its holdings in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,573 shares of the restaurant operator’s stock after buying an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.12% of the company’s stock.

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.