StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

Research analysts at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report issued on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Up 20.7 %

Rave Restaurant Group stock opened at $2.10 on Wednesday. The company has a market capitalization of $30.63 million, a price-to-earnings ratio of 14.00 and a beta of 0.56. Rave Restaurant Group has a 12 month low of $1.64 and a 12 month high of $2.64. The stock’s 50 day moving average is $1.81 and its 200-day moving average is $1.90.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. boosted its position 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 & Exchange Commission. The institutional investor owned 172,573 shares of the restaurant operator’s stock after buying an additional 8,258 shares during the period. Corsair Capital Management L.P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent quarter. 15.12% of the stock is owned by hedge funds and other institutional investors.

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.