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

Equities researchers at StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report issued on Monday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of NASDAQ RAVE opened at $1.76 on Monday. The company has a market cap of $25.68 million, a PE ratio of 11.73 and a beta of 0.56. The stock has a fifty day moving average price of $1.82 and a 200 day moving average price of $1.91. Rave Restaurant Group has a 1-year low of $1.62 and a 1-year high of $2.64.

Hedge Funds 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% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,573 shares of the restaurant operator’s stock after purchasing 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. 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.