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

Stock analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued on Sunday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Up 2.2 %

Rave Restaurant Group stock opened at $1.89 on Friday. The stock has a 50 day moving average of $2.00 and a two-hundred day moving average of $2.10. Rave Restaurant Group has a twelve month low of $1.61 and a twelve month high of $2.64. The stock has a market capitalization of $27.57 million, a price-to-earnings ratio of 12.60 and a beta of 0.37.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. James Investment Research Inc. acquired a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the restaurant operator’s stock, valued at approximately $36,000. James Investment Research Inc. owned 0.11% of Rave Restaurant Group as of its most recent SEC filing. 15.12% of the stock is owned by hedge funds and other institutional investors.

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.