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

StockNews.com assumed 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 Stock Performance

Shares of RAVE opened at $2.82 on Monday. The firm has a market capitalization of $41.49 million, a price-to-earnings ratio of 15.67 and a beta of 0.59. Rave Restaurant Group has a 52 week low of $1.64 and a 52 week high of $3.36. The business’s fifty day moving average price is $2.59 and its two-hundred day moving average price is $2.48.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Institutional Trading of Rave Restaurant Group

Several institutional investors and hedge funds have recently made changes to their positions in RAVE. Dimensional Fund Advisors LP grew its position in shares of Rave Restaurant Group by 28.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after buying an additional 6,682 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Rave Restaurant Group during the fourth quarter worth $29,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Rave Restaurant Group by 36.9% in the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after purchasing an additional 34,977 shares in the last quarter. 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.