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

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

Rave Restaurant Group Stock Performance

RAVE stock opened at $2.59 on Thursday. The firm has a market cap of $38.10 million, a P/E ratio of 14.39 and a beta of 0.60. The firm’s fifty day moving average is $2.78 and its 200 day moving average is $2.37. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%. The firm had revenue of $3.05 million for the quarter.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC raised its holdings in 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 SEC. The fund owned 129,864 shares of the restaurant operator’s stock after buying an additional 34,977 shares during the quarter. Geode Capital Management LLC owned about 0.88% of Rave Restaurant Group worth $264,000 at the end of the most recent quarter. 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.