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

Equities researchers at StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a note issued to investors on Saturday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 5.3 %

Shares of NASDAQ RAVE opened at $1.97 on Friday. The company has a market capitalization of $28.74 million, a price-to-earnings ratio of 13.13 and a beta of 0.37. Rave Restaurant Group has a twelve month low of $1.50 and a twelve month high of $2.64. The business has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $2.11.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings results on Thursday, February 1st. The restaurant operator reported $0.04 EPS for the quarter. The business had revenue of $2.79 million during the quarter. Rave Restaurant Group had a net margin of 18.74% and a return on equity of 20.66%.

Hedge Funds Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. James Investment Research Inc. acquired a new stake in shares of 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. The fund 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.