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 published on Monday. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of NASDAQ RAVE opened at $1.95 on Monday. The company’s 50-day simple moving average is $2.02 and its 200-day simple moving average is $2.08. Rave Restaurant Group has a 52-week low of $1.62 and a 52-week high of $2.64. The firm has a market cap of $28.44 million, a price-to-earnings ratio of 13.00 and a beta of 0.37.

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

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. increased its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,573 shares of the restaurant operator’s stock after buying an additional 8,258 shares during the period. Corsair Capital Management L.P. owned about 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent 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.