Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVEFree Report) in a report released on Wednesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 2.7 %

Shares of NASDAQ RAVE opened at $2.84 on Wednesday. Rave Restaurant Group has a twelve month low of $1.70 and a twelve month high of $3.36. The stock has a fifty day simple moving average of $2.64 and a 200-day simple moving average of $2.57. The stock has a market capitalization of $41.78 million, a PE ratio of 15.78 and a beta of 0.43.

Rave Restaurant Group (NASDAQ:RAVEGet Free Report) last issued its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Institutional Investors Weigh In On Rave Restaurant Group

A number of institutional investors have recently modified their holdings of RAVE. Two Sigma Securities LLC purchased a new position in Rave Restaurant Group in the fourth quarter valued at $29,000. Dimensional Fund Advisors LP boosted its holdings in Rave Restaurant Group by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after purchasing an additional 6,682 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Rave Restaurant Group by 36.9% in the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after purchasing an additional 34,977 shares during the period. 15.12% of the stock is owned by institutional investors and hedge funds.

About Rave Restaurant Group

(Get Free Report)

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.

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