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

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

Rave Restaurant Group Trading Up 2.3 %

Shares of RAVE opened at $2.23 on Friday. The company’s 50 day simple moving average is $2.62 and its 200-day simple moving average is $2.69. Rave Restaurant Group has a 12-month low of $1.70 and a 12-month high of $3.36. The firm has a market cap of $32.81 million, a PE ratio of 12.39 and a beta of 0.13.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Institutional Investors Weigh In On Rave Restaurant Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Securities LLC acquired a new stake in Rave Restaurant Group in the fourth quarter valued at $29,000. Dimensional Fund Advisors LP lifted its holdings in shares of Rave Restaurant Group by 28.1% during 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 period. Finally, Geode Capital Management LLC raised its stake in Rave Restaurant Group by 36.9% during 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 period. 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.