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

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

Rave Restaurant Group Stock Performance

Shares of RAVE opened at $1.79 on Thursday. The company has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $1.93. The firm has a market capitalization of $26.04 million, a P/E ratio of 11.90 and a beta of 0.57. Rave Restaurant Group has a 52 week low of $1.62 and a 52 week high of $2.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. increased its holdings in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% in the 4th quarter, according to its most recent disclosure 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 approximately 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent quarter. 15.12% of the stock is currently 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.