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

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

Rave Restaurant Group Stock Performance

Shares of NASDAQ:RAVE traded down $0.03 during trading hours on Thursday, hitting $1.79. The stock had a trading volume of 5,069 shares, compared to its average volume of 15,443. Rave Restaurant Group has a 1-year low of $1.62 and a 1-year high of $2.64. The firm has a market capitalization of $26.04 million, a price-to-earnings ratio of 11.90 and a beta of 0.57. The stock’s fifty day simple moving average is $1.87 and its 200 day simple moving average is $1.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. lifted its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,573 shares of the restaurant operator’s stock after acquiring an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned about 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period. 15.12% of the stock is currently owned by 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.