StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Free Report) in a research report released on Thursday. The brokerage issued a buy rating on the restaurant operator’s stock.
Separately, TheStreet lowered Rave Restaurant Group from a b rating to a c+ rating in a research note on Wednesday, December 20th.
View Our Latest Stock Analysis on Rave Restaurant Group
Rave Restaurant Group Stock Performance
Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $2.79 million during the quarter. Rave Restaurant Group had a return on equity of 18.06% and a net margin of 15.94%.
Insiders Place Their Bets
In other news, insider Value Llp Ima purchased 51,921 shares of the company’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $1.96 per share, with a total value of $101,765.16. Following the completion of the purchase, the insider now directly owns 1,011,807 shares in the company, valued at approximately $1,983,141.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 103,762 shares of company stock valued at $203,066 over the last 90 days. Insiders own 27.80% of the company’s stock.
Institutional Investors Weigh In On Rave Restaurant Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. James Investment Research Inc. bought a new stake in shares of Rave Restaurant Group in the 3rd quarter valued at about $36,000. Virtu Financial LLC lifted its stake in shares of Rave Restaurant Group by 166.2% in the 1st quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock valued at $72,000 after acquiring an additional 41,918 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Rave Restaurant Group in the 4th quarter valued at about $85,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Rave Restaurant Group in the 3rd quarter valued at about $107,000. Finally, Geode Capital Management LLC lifted its stake in shares of Rave Restaurant Group by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock valued at $217,000 after acquiring an additional 6,896 shares during the last quarter. Institutional investors own 15.12% of the company’s stock.
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.
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