Rave Restaurant Group (NASDAQ:RAVE) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report sent to investors on Thursday. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE opened at $2.50 on Thursday. Rave Restaurant Group has a fifty-two week low of $1.64 and a fifty-two week high of $2.64. The company has a market cap of $36.39 million, a PE ratio of 16.63 and a beta of 0.57. The business has a 50-day simple moving average of $1.85 and a two-hundred day simple moving average of $1.92.

Institutional Trading of Rave Restaurant Group

An institutional investor recently raised its position 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% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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. Hedge funds and other 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.