StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

Investment analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note issued on Saturday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 2.9 %

Shares of RAVE opened at $1.98 on Friday. The firm has a market cap of $28.89 million, a PE ratio of 13.20 and a beta of 0.66. The company’s fifty day moving average is $1.93 and its two-hundred day moving average is $1.99. Rave Restaurant Group has a fifty-two week low of $1.62 and a fifty-two week high of $2.64.

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

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. raised its stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the period. Corsair Capital Management L.P. owned 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.

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.