StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Free Report) in a research note published on Monday morning. The brokerage issued a buy rating on the restaurant operator’s stock.
Separately, TheStreet cut Rave Restaurant Group from a b rating to a c+ rating in a report on Wednesday, December 20th.
Check Out Our Latest Report on RAVE
Rave Restaurant Group Price Performance
Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) last announced its earnings results on Thursday, February 1st. The restaurant operator reported $0.04 EPS for the quarter. The firm had revenue of $2.79 million during the quarter. Rave Restaurant Group had a return on equity of 18.06% and a net margin of 15.94%.
Insider Transactions at Rave Restaurant Group
In other Rave Restaurant Group news, insider Value Llp Ima acquired 51,921 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $1.96 per share, for a total transaction of $101,765.16. Following the acquisition, the insider now directly owns 1,011,807 shares in the company, valued at $1,983,141.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 103,762 shares of company stock worth $203,066. 27.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Rave Restaurant Group
A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Rave Restaurant Group by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock valued at $217,000 after acquiring an additional 6,896 shares during the period. Corsair Capital Management L.P. lifted its holdings in shares of Rave Restaurant Group by 5.0% in the 4th quarter. Corsair Capital Management L.P. now owns 172,573 shares of the restaurant operator’s stock worth $385,000 after buying an additional 8,258 shares during the period. James Investment Research Inc. bought a new position in shares of Rave Restaurant Group during the 3rd quarter worth $36,000. Renaissance Technologies LLC grew its position in shares of Rave Restaurant Group by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 264,864 shares of the restaurant operator’s stock worth $418,000 after buying an additional 21,064 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Rave Restaurant Group during the fourth quarter valued at $85,000. Hedge funds and other 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.
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