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

Equities researchers at StockNews.com assumed coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Down 0.7 %

Rave Restaurant Group stock opened at $2.85 on Monday. The firm has a market capitalization of $41.93 million, a P/E ratio of 15.83 and a beta of 0.59. The firm has a fifty day moving average of $2.58 and a 200-day moving average of $2.48. Rave Restaurant Group has a 52-week low of $1.64 and a 52-week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of Rave Restaurant Group by 36.9% in the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after buying an additional 34,977 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Rave Restaurant Group by 28.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after purchasing an additional 6,682 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Rave Restaurant Group in the fourth quarter worth about $29,000. 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.