Rave Restaurant Group (NASDAQ:RAVE) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a note issued to investors on Friday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of RAVE stock opened at $2.10 on Friday. The stock has a fifty day moving average price of $1.98 and a 200 day moving average price of $2.12. Rave Restaurant Group has a one year low of $1.48 and a one year high of $2.64. The stock has a market cap of $30.64 million, a P/E ratio of 16.16 and a beta of 0.33.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings data on Thursday, February 1st. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a return on equity of 18.06% and a net margin of 15.94%. The firm had revenue of $2.79 million during the quarter.

Insider Activity at Rave Restaurant Group

In other Rave Restaurant Group news, insider Value Llp Ima purchased 51,921 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $1.96 per share, with a total value of $101,765.16. Following the completion of the acquisition, the insider now directly owns 1,011,807 shares of the company’s stock, valued at approximately $1,983,141.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.80% of the stock is currently owned by company insiders.

Institutional Trading of Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. boosted its position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned about 1.18% of Rave Restaurant Group worth $385,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 15.12% of the company’s stock.

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.