Acadian Asset Management LLC Has $28,000 Position in Rave Restaurant Group, Inc. (NASDAQ:RAVE)

Acadian Asset Management LLC trimmed its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 37.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 14,397 shares of the restaurant operator’s stock after selling 8,675 shares during the period. Acadian Asset Management LLC’s holdings in Rave Restaurant Group were worth $28,000 as of its most recent SEC filing.

Separately, Corsair Capital Management L.P. raised its holdings in Rave Restaurant Group by 5.0% during the fourth quarter. Corsair Capital Management L.P. now owns 172,573 shares of the restaurant operator’s stock worth $385,000 after acquiring an additional 8,258 shares in the last quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Rave Restaurant Group in a research note on Tuesday, September 17th. They issued a “buy” rating for the company.

Rave Restaurant Group Trading Up 0.6 %

RAVE stock opened at $1.79 on Friday. Rave Restaurant Group, Inc. has a 1-year low of $1.64 and a 1-year high of $2.64. The business’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $1.90. The firm has a market capitalization of $26.11 million, a PE ratio of 11.93 and a beta of 0.56.

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.