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

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

Rave Restaurant Group Stock Down 0.4 %

RAVE stock opened at $2.77 on Friday. The company has a 50-day simple moving average of $2.68 and a 200 day simple moving average of $2.65. The company has a market capitalization of $40.75 million, a P/E ratio of 15.39 and a beta of 0.43. Rave Restaurant Group has a fifty-two week low of $1.70 and a fifty-two week high of $3.36.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new stake in shares of Rave Restaurant Group during the 4th quarter valued at about $29,000. Dimensional Fund Advisors LP grew its position in Rave Restaurant Group by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after acquiring an additional 6,682 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Rave Restaurant Group by 36.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 34,977 shares during the last quarter. 15.12% of the stock is owned by hedge funds and other 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.