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

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report report published on Thursday. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Rave Restaurant Group stock opened at $2.49 on Thursday. Rave Restaurant Group has a one year low of $1.64 and a one year high of $2.64. The company has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $1.92. The firm has a market capitalization of $36.33 million, a P/E ratio of 16.63 and a beta of 0.57.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. raised its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,573 shares of the restaurant operator’s stock after acquiring an additional 8,258 shares during the period. Corsair Capital Management L.P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 as of its most recent SEC filing. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.