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

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

Rave Restaurant Group Stock Performance

NASDAQ RAVE opened at $2.75 on Thursday. The stock has a market capitalization of $40.46 million, a P/E ratio of 15.28 and a beta of 0.43. Rave Restaurant Group has a 1 year low of $1.70 and a 1 year high of $3.36. The business’s fifty day moving average is $2.66 and its two-hundred day moving average is $2.60.

Rave Restaurant Group (NASDAQ:RAVE) last announced its 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

A number of large investors have recently bought and sold shares of RAVE. Two Sigma Securities LLC bought a new stake in Rave Restaurant Group in the fourth quarter worth $29,000. Dimensional Fund Advisors LP boosted its holdings in 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 worth $78,000 after purchasing an additional 6,682 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Rave Restaurant Group by 36.9% in the third 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. 15.12% of the stock is currently owned by institutional investors.

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.