StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) in a research note issued on Thursday. The brokerage set a “buy” rating on the restaurant operator’s stock.
Separately, TheStreet downgraded shares of Rave Restaurant Group from a “b” rating to a “c+” rating in a report on Wednesday, December 20th.
Read Our Latest Stock Analysis on Rave Restaurant Group
Rave Restaurant Group Trading Down 3.5 %
Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $2.79 million during the quarter. Rave Restaurant Group had a net margin of 15.94% and a return on equity of 18.06%.
Insider Buying and Selling at Rave Restaurant Group
In related news, insider Value Llp Ima purchased 51,921 shares of Rave Restaurant Group stock in a transaction on Monday, January 29th. The stock was purchased at an average cost of $1.96 per share, with a total value of $101,765.16. Following the acquisition, the insider now directly owns 1,011,807 shares in the company, valued at $1,983,141.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 103,762 shares of company stock valued at $203,066 in the last ninety days. Company insiders own 27.80% of the company’s stock.
Institutional Trading of Rave Restaurant Group
A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted 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 worth $341,000 after acquiring an additional 67,444 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Rave Restaurant Group during the 3rd quarter worth about $107,000. Virtu Financial LLC lifted 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 worth $72,000 after acquiring an additional 41,918 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Rave Restaurant Group during the 4th quarter worth about $85,000. Finally, James Investment Research Inc. bought a new position in shares of Rave Restaurant Group during the 3rd quarter worth about $36,000. 15.12% of the stock is 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.
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