Rave Restaurant Group (NASDAQ:RAVE) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report published on Thursday. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Up 1.5 %

Shares of NASDAQ RAVE opened at $2.68 on Thursday. The stock has a market capitalization of $39.42 million, a PE ratio of 14.89 and a beta of 0.60. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.36. The stock has a fifty day simple moving average of $2.79 and a 200-day simple moving average of $2.36.

Rave Restaurant Group (NASDAQ:RAVE) last released its earnings results on Thursday, November 7th. The restaurant operator reported $0.04 earnings per share for the quarter. The company had revenue of $3.05 million during the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC lifted its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,864 shares of the restaurant operator’s stock after acquiring an additional 34,977 shares during the quarter. Geode Capital Management LLC owned 0.88% of Rave Restaurant Group worth $264,000 as of its most recent filing with the Securities and Exchange Commission. 15.12% of the stock is owned by institutional investors and hedge funds.

Rave Restaurant Group Company Profile

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.