Stock analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Rating) in a report released on Thursday. The firm set a “strong-buy” rating on the restaurant operator’s stock.
Separately, TheStreet upgraded Rave Restaurant Group from a “c” rating to a “b-” rating in a research report on Monday, September 26th.
Rave Restaurant Group Stock Up 1.1 %
Shares of NASDAQ:RAVE opened at $1.87 on Thursday. The business has a 50 day moving average price of $1.58 and a 200 day moving average price of $1.45. Rave Restaurant Group has a twelve month low of $0.82 and a twelve month high of $2.28. The company has a market cap of $30.67 million, a price-to-earnings ratio of 4.16 and a beta of 0.66.
Insiders Place Their Bets
In other news, CEO Brandon Solano acquired 24,650 shares of Rave Restaurant Group stock in a transaction on Wednesday, November 9th. The stock was bought at an average price of $1.57 per share, for a total transaction of $38,700.50. Following the transaction, the chief executive officer now owns 89,319 shares of the company’s stock, valued at $140,230.83. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Specialty Insurance C. Hallmark sold 252,428 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $1.60, for a total value of $403,884.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brandon Solano bought 24,650 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $1.57 per share, with a total value of $38,700.50. Following the completion of the acquisition, the chief executive officer now owns 89,319 shares in the company, valued at approximately $140,230.83. The disclosure for this purchase can be found here. Corporate insiders own 35.50% of the company’s stock.
Hedge Funds Weigh In On Rave Restaurant Group
An institutional investor recently raised its position in Rave Restaurant Group stock. Virtu Financial LLC lifted its stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE – Get Rating) by 166.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,144 shares of the restaurant operator’s stock after buying an additional 41,918 shares during the period. Virtu Financial LLC owned about 0.37% of Rave Restaurant Group worth $72,000 at the end of the most recent reporting period. 5.92% of the stock is currently owned by institutional investors and hedge funds.
Rave Restaurant Group Company Profile
Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.
- Get a free copy of the StockNews.com research report on Rave Restaurant Group (RAVE)
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