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

Investment analysts at StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVEGet 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

(Get Free Report)

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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