Investment analysts at StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) in a report issued on Tuesday. The firm set a “strong-buy” rating on the restaurant operator’s stock.
Rave Restaurant Group Stock Performance
Shares of RAVE opened at $2.02 on Tuesday. Rave Restaurant Group has a 52 week low of $1.13 and a 52 week high of $2.35. The firm has a market cap of $28.58 million, a price-to-earnings ratio of 4.59 and a beta of 0.68. The stock has a 50 day moving average of $2.08 and a 200-day moving average of $1.75.
Institutional Trading of Rave Restaurant Group
Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of Rave Restaurant Group in the 2nd quarter valued at about $34,000. Heron Bay Capital Management bought a new stake in Rave Restaurant Group in the 2nd quarter valued at about $43,000. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 6,896 shares during the period. Corsair Capital Management L.P. increased its stake in shares of Rave Restaurant Group by 48.2% in the first quarter. Corsair Capital Management L.P. now owns 138,966 shares of the restaurant operator’s stock valued at $200,000 after purchasing an additional 45,190 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Rave Restaurant Group by 38.2% during the third 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 last quarter. 8.55% of the stock is owned by institutional investors and hedge funds.
About Rave Restaurant Group
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.
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