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

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

Rave Restaurant Group Stock Down 0.5 %

Shares of NASDAQ:RAVE opened at $1.84 on Friday. The company has a market capitalization of $26.85 million, a price-to-earnings ratio of 12.27 and a beta of 0.56. Rave Restaurant Group has a 52 week low of $1.62 and a 52 week high of $2.64. The firm has a 50 day moving average of $1.89 and a 200 day moving average of $1.97.

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

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. grew its position in Rave Restaurant Group, Inc. (NASDAQ:RAVEFree Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned about 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

(Get Free Report)

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.

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