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

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

Rave Restaurant Group Stock Down 2.7 %

NASDAQ:RAVE opened at $1.78 on Wednesday. Rave Restaurant Group has a 52 week low of $1.62 and a 52 week high of $2.64. The company has a market capitalization of $25.97 million, a P/E ratio of 11.87 and a beta of 0.57. The stock’s fifty day moving average is $1.88 and its two-hundred day moving average is $1.93.

Rave Restaurant Group (NASDAQ:RAVE) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a return on equity of 20.19% and a net margin of 18.74%. The company 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 position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the 4th quarter, according to its most recent filing 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 quarter. Corsair Capital Management L.P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period. 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.