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

Posted by James Quigley on Apr 7th, 2025

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) in a research note issued to investors on Saturday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 3.6 %

RAVE opened at $2.41 on Friday. The stock’s 50 day moving average price is $2.67 and its two-hundred day moving average price is $2.68. The firm has a market capitalization of $35.46 million, a P/E ratio of 13.39 and a beta of 0.43. Rave Restaurant Group has a 12-month low of $1.70 and a 12-month high of $3.36.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Two Sigma Securities LLC bought a new stake in shares of Rave Restaurant Group in the 4th quarter valued at approximately $29,000. Dimensional Fund Advisors LP grew its position in Rave Restaurant Group by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after acquiring an additional 6,682 shares during the period. Finally, Geode Capital Management LLC grew its position in 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 acquiring an additional 34,977 shares during the period. Institutional investors and hedge funds own 15.12% of the company’s stock.

About Rave Restaurant Group

(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.