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

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

Rave Restaurant Group Stock Up 1.5 %

RAVE stock opened at $2.79 on Friday. The company has a 50 day moving average of $2.68 and a two-hundred day moving average of $2.63. The company has a market cap of $41.05 million, a price-to-earnings ratio of 15.50 and a beta of 0.43. Rave Restaurant Group has a 12-month low of $1.70 and a 12-month high of $3.36.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Two Sigma Securities LLC acquired a new position in Rave Restaurant Group during the fourth quarter worth $29,000. Dimensional Fund Advisors LP lifted its position 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 worth $78,000 after buying an additional 6,682 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 34,977 shares in the last quarter. Institutional investors and hedge funds 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.