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

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVEFree Report) in a research note issued to investors on Wednesday. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 2.7 %

NASDAQ:RAVE opened at $2.84 on Wednesday. The firm has a market cap of $41.78 million, a PE ratio of 15.78 and a beta of 0.43. The stock has a fifty day moving average price of $2.64 and a 200 day moving average price of $2.57. Rave Restaurant Group has a 12-month low of $1.70 and a 12-month high of $3.36.

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

Institutional Trading of Rave Restaurant Group

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of Rave Restaurant Group by 36.9% in the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after purchasing an additional 34,977 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Rave Restaurant Group by 28.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after purchasing an additional 6,682 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Rave Restaurant Group in the 4th quarter valued at about $29,000. 15.12% of the stock is owned by hedge funds and other institutional investors.

Rave Restaurant Group Company Profile

(Get Free Report)

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.

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