Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

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

Rave Restaurant Group Stock Up 2.7 %

Rave Restaurant Group stock opened at $3.01 on Thursday. The company’s 50-day moving average price is $2.66 and its two-hundred day moving average price is $2.13. The stock has a market cap of $44.28 million, a P/E ratio of 16.72 and a beta of 0.51. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.22.

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

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Geode Capital Management LLC raised its holdings in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% in the third quarter, according to its most recent 13F filing with the Securities & 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 approximately 0.88% of Rave Restaurant Group worth $264,000 at the end of the most recent quarter. 15.12% of the stock is currently owned by hedge funds and other institutional investors.

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.