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

StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report released on Saturday. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 6.1 %

Shares of NASDAQ RAVE opened at $1.86 on Friday. Rave Restaurant Group has a 12 month low of $1.62 and a 12 month high of $2.64. The firm has a market capitalization of $27.14 million, a price-to-earnings ratio of 12.40 and a beta of 0.56. The business has a 50-day moving average of $1.93 and a 200-day moving average of $1.99.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a return on equity of 20.19% and a net margin of 18.74%. The company had revenue of $2.96 million during the quarter.

Institutional Trading of Rave Restaurant Group

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