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

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued to investors on Wednesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Up 1.2 %

RAVE stock opened at $3.02 on Wednesday. Rave Restaurant Group has a 12 month low of $1.69 and a 12 month high of $3.36. The firm has a market cap of $44.36 million, a P/E ratio of 16.75 and a beta of 0.43. The company’s 50-day moving average price is $2.64 and its two-hundred day moving average price is $2.56.

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 net margin of 21.80% and a return on equity of 20.68%.

Institutional Investors Weigh In On Rave Restaurant Group

Several hedge funds have recently added to or reduced their stakes in RAVE. Geode Capital Management LLC lifted its position in shares of Rave Restaurant Group by 36.9% in 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 during the period. Dimensional Fund Advisors LP lifted its position in shares of Rave Restaurant Group by 28.1% in the 4th 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 during the period. Finally, Two Sigma Securities LLC acquired a new position in shares of Rave Restaurant Group in the 4th quarter worth approximately $29,000. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.