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

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

Rave Restaurant Group Stock Down 0.5 %

NASDAQ RAVE opened at $1.84 on Friday. The stock’s 50-day simple moving average is $1.89 and its two-hundred day simple moving average is $1.97. Rave Restaurant Group has a twelve month low of $1.62 and a twelve month high of $2.64. The company has a market capitalization of $26.85 million, a price-to-earnings ratio of 12.27 and a beta of 0.56.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 20.19% and a net margin of 18.74%. The business had revenue of $2.96 million for the quarter.

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. lifted its stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the 4th quarter, according to the company in 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 as of its most recent SEC filing. 15.12% of the stock is owned by hedge funds and other 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.