StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Rating) in a research note published on Monday. The brokerage issued a buy rating on the restaurant operator’s stock.
Separately, TheStreet raised shares of Rave Restaurant Group from a c rating to a b- rating in a report on Monday, September 26th.
Rave Restaurant Group Trading Up 5.9 %
NASDAQ RAVE opened at $1.62 on Monday. Rave Restaurant Group has a 1 year low of $0.82 and a 1 year high of $2.28. The company has a fifty day simple moving average of $1.54 and a 200 day simple moving average of $1.28. The company has a market cap of $26.57 million, a P/E ratio of 3.60 and a beta of 0.66.
Insider Buying and Selling at Rave Restaurant Group
In other Rave Restaurant Group news, CEO Brandon Solano acquired 24,650 shares of Rave Restaurant Group stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $1.57 per share, with a total value of $38,700.50. Following the acquisition, the chief executive officer now owns 89,319 shares of the company’s stock, valued at $140,230.83. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 35.50% of the company’s stock.
Hedge Funds Weigh In On Rave Restaurant Group
An institutional investor recently raised its position in Rave Restaurant Group stock. Virtu Financial LLC lifted its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE – Get Rating) by 166.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 67,144 shares of the restaurant operator’s stock after acquiring an additional 41,918 shares during the period. Virtu Financial LLC owned approximately 0.37% of Rave Restaurant Group worth $72,000 as of its most recent filing with the SEC. 5.55% of the stock is currently owned by institutional investors and hedge funds.
Rave Restaurant Group Company Profile
Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.
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