Rave Restaurant Group (NASDAQ:RAVE) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Up 1.4 %

NASDAQ:RAVE opened at $2.25 on Thursday. The company has a 50-day moving average price of $1.83 and a 200-day moving average price of $1.91. The stock has a market cap of $32.83 million, a price-to-earnings ratio of 15.00 and a beta of 0.56. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $2.64.

Institutional Trading of Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. grew its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,573 shares of the restaurant operator’s stock after buying 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. 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.