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

StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note released on Sunday. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 0.8 %

Shares of NASDAQ RAVE opened at $2.53 on Friday. The stock’s fifty day simple moving average is $2.61 and its 200 day simple moving average is $2.45. The stock has a market capitalization of $37.22 million, a price-to-earnings ratio of 14.06 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.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results 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 21.17% and a net margin of 21.80%.

Institutional Investors Weigh In On Rave Restaurant Group

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Rave Restaurant Group by 36.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 34,977 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $78,000 after buying an additional 6,682 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in shares of Rave Restaurant Group during the fourth quarter valued at $29,000. 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.