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

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

Rave Restaurant Group Price Performance

RAVE opened at $2.10 on Friday. Rave Restaurant Group has a fifty-two week low of $1.50 and a fifty-two week high of $2.64. The firm’s fifty day moving average price is $1.99 and its two-hundred day moving average price is $2.11. The company has a market capitalization of $30.64 million, a P/E ratio of 16.16 and a beta of 0.33.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, February 1st. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a net margin of 15.94% and a return on equity of 18.06%. The company had revenue of $2.79 million for the quarter.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. grew its position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the period. Corsair Capital Management L.P. owned about 1.18% of Rave Restaurant Group worth $385,000 as of its most recent filing with the SEC. 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.