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

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

Rave Restaurant Group Trading Up 2.1 %

RAVE stock opened at $1.95 on Monday. The business has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $2.08. Rave Restaurant Group has a twelve month low of $1.62 and a twelve month high of $2.64. The company has a market capitalization of $28.45 million, a P/E ratio of 13.00 and a beta of 0.37.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. increased its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 as of its most recent filing with the Securities and Exchange Commission. 15.12% of the stock is currently 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.