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

Equities researchers at StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

RAVE stock opened at $1.83 on Friday. Rave Restaurant Group has a 1-year low of $1.62 and a 1-year high of $2.64. The business has a 50-day moving average price of $1.85 and a 200 day moving average price of $1.91. The company has a market capitalization of $26.69 million, a P/E ratio of 12.20 and a beta of 0.57.

Hedge Funds Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. raised its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,573 shares of the restaurant operator’s stock after acquiring 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. Institutional investors and hedge funds own 15.12% of the company’s stock.

About Rave Restaurant Group

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.