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

Research analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Rating) in a research note issued on Tuesday. The brokerage set a “strong-buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of NASDAQ:RAVE opened at $1.45 on Tuesday. The stock’s 50-day moving average price is $1.64 and its two-hundred day moving average price is $1.54. Rave Restaurant Group has a 12-month low of $0.82 and a 12-month high of $2.28. The firm has a market cap of $20.52 million, a price-to-earnings ratio of 3.22 and a beta of 0.69.

Rave Restaurant Group (NASDAQ:RAVE – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $2.87 million for the quarter. Rave Restaurant Group had a return on equity of 75.23% and a net margin of 70.13%.

Insider Activity

In other news, insider Specialty Insurance C. Hallmark sold 252,428 shares of Rave Restaurant Group stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $1.60, for a total value of $403,884.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 35.50% of the company’s stock.

Institutional Investors Weigh In On Rave Restaurant Group

Several hedge funds have recently modified their holdings of RAVE. Virtu Financial LLC raised its holdings in shares of Rave Restaurant Group by 166.2% during the 1st quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 41,918 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Rave Restaurant Group by 38.2% during the 3rd quarter. Renaissance Technologies LLC now owns 243,800 shares of the restaurant operator’s stock valued at $341,000 after buying an additional 67,444 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Rave Restaurant Group by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock valued at $217,000 after buying an additional 6,896 shares during the period. 5.92% of the stock is currently owned by hedge funds and other institutional investors.

Rave Restaurant Group Company Profile

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Rave Restaurant Group, Inc engages in the management and franchising of restaurants. It operates through the following segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. The Pizza Inn Franchising and Pie Five Franchising segments establish franchisees, licensees, and territorial rights.