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

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

Rave Restaurant Group Trading Up 0.6 %

Shares of RAVE opened at $1.78 on Tuesday. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $2.64. The firm’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.90. The firm has a market capitalization of $25.96 million, a price-to-earnings ratio of 11.87 and a beta of 0.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. boosted its position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the fourth quarter, according to the company in its most recent disclosure 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 at the end of the most recent quarter. 15.12% of the stock is currently owned by institutional investors.

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.