StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

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

Rave Restaurant Group Stock Performance

Shares of Rave Restaurant Group stock opened at $2.92 on Wednesday. The stock has a market capitalization of $42.96 million, a PE ratio of 16.22 and a beta of 0.43. Rave Restaurant Group has a 52 week low of $1.70 and a 52 week high of $3.36. The stock has a 50 day moving average price of $2.64 and a two-hundred day moving average price of $2.56.

Rave Restaurant Group (NASDAQ:RAVE) last posted 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 net margin of 21.80% and a return on equity of 20.68%.

Institutional Investors Weigh In On Rave Restaurant Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Rave Restaurant Group by 36.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 34,977 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Rave Restaurant Group by 28.1% in the fourth 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 in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Rave Restaurant Group during the fourth quarter valued at approximately $29,000. 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.