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

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report released on Friday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Up 0.5 %

Shares of Rave Restaurant Group stock opened at $1.92 on Friday. The stock has a 50-day moving average price of $1.94 and a 200 day moving average price of $2.00. The company has a market cap of $28.01 million, a P/E ratio of 12.80 and a beta of 0.66. Rave Restaurant Group has a 1 year low of $1.62 and a 1 year high of $2.64.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $2.96 million during the quarter. Rave Restaurant Group had a return on equity of 20.19% and a net margin of 18.74%.

Institutional Investors Weigh In On Rave Restaurant Group

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

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.