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

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

Rave Restaurant Group Stock Down 6.1 %

RAVE opened at $1.86 on Friday. The business has a fifty day moving average of $1.93 and a 200 day moving average of $1.99. Rave Restaurant Group has a 52-week low of $1.62 and a 52-week high of $2.64. The stock has a market cap of $27.14 million, a P/E ratio of 12.40 and a beta of 0.56.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Thursday, May 2nd. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a return on equity of 20.19% and a net margin of 18.74%. The company had revenue of $2.96 million during the quarter.

Hedge Funds Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. raised its position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the period. 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 & Exchange Commission. 15.12% of the stock is owned by institutional investors and hedge funds.

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.