Rave Restaurant Group (NASDAQ:RAVE) Coverage Initiated at StockNews.com

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

Separately, TheStreet downgraded shares of Rave Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, December 20th.

Rave Restaurant Group Price Performance

RAVE stock opened at $2.08 on Monday. The company has a market capitalization of $30.35 million, a P/E ratio of 16.00 and a beta of 0.32. The business has a 50-day moving average price of $1.90 and a 200 day moving average price of $2.10. Rave Restaurant Group has a 1-year low of $1.31 and a 1-year high of $2.64.

Rave Restaurant Group (NASDAQ:RAVE) last announced its earnings results on Thursday, February 1st. The restaurant operator reported $0.04 EPS for the quarter. The business had revenue of $2.79 million during the quarter. Rave Restaurant Group had a net margin of 15.94% and a return on equity of 18.06%.

Insider Transactions at Rave Restaurant Group

In other Rave Restaurant Group news, insider Value Llp Ima purchased 51,921 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $1.96 per share, for a total transaction of $101,765.16. Following the completion of the purchase, the insider now owns 1,011,807 shares of the company’s stock, valued at $1,983,141.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 103,762 shares of company stock worth $203,066. Insiders own 27.80% of the company’s stock.

Institutional Investors Weigh In On Rave Restaurant Group

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in shares of Rave Restaurant Group by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 264,864 shares of the restaurant operator’s stock worth $418,000 after acquiring an additional 21,064 shares during the last quarter. Corsair Capital Management L.P. boosted its position in Rave Restaurant Group by 5.0% in the fourth quarter. Corsair Capital Management L.P. now owns 172,573 shares of the restaurant operator’s stock valued at $385,000 after buying an additional 8,258 shares during the last quarter. Geode Capital Management LLC boosted its position in Rave Restaurant Group by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock valued at $217,000 after buying an additional 6,896 shares during the last quarter. Virtu Financial LLC boosted its position in Rave Restaurant Group by 166.2% in the first quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 41,918 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Rave Restaurant Group in the third quarter valued at approximately $107,000. 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.