Rave Restaurant Group (NASDAQ:RAVE) Receives New Coverage from Analysts at StockNews.com

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

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE opened at $1.87 on Tuesday. The stock has a market cap of $27.28 million, a PE ratio of 12.47 and a beta of 0.56. Rave Restaurant Group has a fifty-two week low of $1.62 and a fifty-two week high of $2.64. The stock has a fifty day moving average of $1.89 and a 200-day moving average of $1.95.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $2.96 million during the quarter. Rave Restaurant Group had a return on equity of 20.19% and a net margin of 18.74%.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. boosted its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,573 shares of the restaurant operator’s stock after buying 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. 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.