Rave Restaurant Group (NASDAQ:RAVE) Coverage Initiated at StockNews.com

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

Rave Restaurant Group Price Performance

Shares of RAVE stock opened at $2.58 on Monday. The business’s fifty day moving average price is $2.87 and its 200 day moving average price is $2.29. The firm has a market capitalization of $37.96 million, a PE ratio of 14.33 and a beta of 0.56. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.36.

Institutional Investors 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 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 0.88% of Rave Restaurant Group worth $264,000 at the end of the most recent reporting period. Institutional investors own 15.12% of the company’s stock.

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.