Rave Restaurant Group (NASDAQ:RAVE) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of NASDAQ:RAVE opened at $2.55 on Friday. The company has a market cap of $37.51 million, a price-to-earnings ratio of 14.17 and a beta of 0.59. The firm has a 50 day simple moving average of $2.63 and a 200 day simple moving average of $2.43. Rave Restaurant Group has a one year low of $1.64 and a one year high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 21.17%.

Hedge Funds Weigh In On Rave Restaurant Group

A number of hedge funds have recently modified their holdings of RAVE. Geode Capital Management LLC lifted its holdings in shares of 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. Two Sigma Securities LLC acquired a new position in shares of Rave Restaurant Group during the fourth quarter worth $29,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Rave Restaurant Group by 28.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after purchasing an additional 6,682 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.