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

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

Rave Restaurant Group Stock Performance

Shares of RAVE opened at $2.55 on Friday. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.36. The firm has a market cap of $37.51 million, a P/E ratio of 14.17 and a beta of 0.59. The firm’s 50-day simple moving average is $2.63 and its 200 day simple moving average is $2.43.

Rave Restaurant Group (NASDAQ:RAVE) last announced its earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 21.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RAVE. Geode Capital Management LLC boosted its position in shares of Rave Restaurant Group by 36.9% during the 3rd 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. Dimensional Fund Advisors LP boosted its position 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 in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Rave Restaurant Group during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds 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.