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

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note published on Tuesday morning. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

NASDAQ:RAVE opened at $2.75 on Tuesday. The company has a market capitalization of $40.46 million, a price-to-earnings ratio of 15.28 and a beta of 0.59. The business has a 50 day moving average of $2.61 and a 200 day moving average of $2.52. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last announced 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 net margin of 21.80% and a return on equity of 20.68%.

Hedge Funds Weigh In On Rave Restaurant Group

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of 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 worth $264,000 after purchasing an additional 34,977 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Rave Restaurant Group during the 4th quarter valued at $29,000. Finally, Dimensional Fund Advisors LP grew its holdings in Rave Restaurant Group by 28.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after acquiring an additional 6,682 shares during the last quarter. 15.12% of the stock is owned by hedge funds and other institutional investors.

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.