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

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

Rave Restaurant Group Trading Up 1.1 %

RAVE stock opened at $1.80 on Friday. The firm has a 50 day moving average of $1.85 and a 200-day moving average of $1.92. The company has a market cap of $26.26 million, a price-to-earnings ratio of 12.00 and a beta of 0.57. Rave Restaurant Group has a 12-month low of $1.62 and a 12-month high of $2.64.

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 position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.

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.