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

Posted by Alanna Baker on Oct 5th, 2024

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) in a note issued to investors on Thursday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of Rave Restaurant Group stock opened at $2.50 on Thursday. Rave Restaurant Group has a 1 year low of $1.64 and a 1 year high of $2.64. The firm has a market cap of $36.47 million, a PE ratio of 16.67 and a beta of 0.57. The company has a 50 day simple moving average of $1.84 and a two-hundred day simple moving average of $1.92.

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. grew its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE – Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,573 shares of the restaurant operator’s stock after acquiring an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

(Get Free Report)

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.