Rave Restaurant Group (NASDAQ:RAVE) Research Coverage Started at StockNews.com

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

Rave Restaurant Group Stock Down 1.6 %

Shares of Rave Restaurant Group stock opened at $1.82 on Friday. The firm has a market capitalization of $26.55 million, a P/E ratio of 12.13 and a beta of 0.37. Rave Restaurant Group has a 52 week low of $1.50 and a 52 week high of $2.64. The firm’s 50 day moving average is $2.00 and its two-hundred day moving average is $2.11.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. James Investment Research Inc. bought a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,000 shares of the restaurant operator’s stock, valued at approximately $36,000. James Investment Research Inc. owned approximately 0.11% of Rave Restaurant Group as of its most recent filing with the Securities and Exchange Commission (SEC). 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.