Rave Restaurant Group (NASDAQ:RAVE) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report report published on Wednesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Up 2.7 %

Shares of RAVE stock opened at $2.63 on Wednesday. The business has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $2.33. The company has a market cap of $38.69 million, a P/E ratio of 14.61 and a beta of 0.60. Rave Restaurant Group has a twelve month low of $1.64 and a twelve month high of $3.36.

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Geode Capital Management LLC grew its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,864 shares of the restaurant operator’s stock after buying an additional 34,977 shares during the quarter. Geode Capital Management LLC owned approximately 0.88% of Rave Restaurant Group worth $264,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

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.