Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note published on Sunday morning. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of NASDAQ:RAVE opened at $1.76 on Friday. The firm has a 50 day simple moving average of $1.84 and a 200 day simple moving average of $1.91. The company has a market cap of $25.67 million, a price-to-earnings ratio of 11.73 and a beta of 0.57. Rave Restaurant Group has a one year low of $1.62 and a one year high of $2.64.

Institutional Trading of Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. boosted its holdings in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,573 shares of the restaurant operator’s stock after buying an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period. 15.12% of the stock is currently owned by institutional investors.

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.