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

Research analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 0.8 %

NASDAQ RAVE opened at $2.85 on Wednesday. The company has a 50 day moving average of $2.52 and a 200-day moving average of $2.08. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.22. The firm has a market cap of $41.89 million, a price-to-earnings ratio of 15.82 and a beta of 0.51.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%. The business had revenue of $3.36 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rave Restaurant Group stock. Geode Capital Management LLC raised its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,864 shares of the restaurant operator’s stock after purchasing an additional 34,977 shares during the period. Geode Capital Management LLC owned 0.88% of Rave Restaurant Group worth $264,000 as of its most recent filing with the Securities and Exchange Commission. 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.