Rave Restaurant Group (NASDAQ:RAVE) Receives New Coverage from Analysts at StockNews.com

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

Separately, TheStreet downgraded Rave Restaurant Group from a b rating to a c+ rating in a research note on Wednesday, December 20th.

Check Out Our Latest Analysis on RAVE

Rave Restaurant Group Stock Up 1.0 %

RAVE opened at $2.11 on Tuesday. The business has a 50 day moving average price of $1.92 and a two-hundred day moving average price of $2.11. The company has a market cap of $30.78 million, a PE ratio of 16.23 and a beta of 0.33. Rave Restaurant Group has a 52 week low of $1.31 and a 52 week high of $2.64.

Rave Restaurant Group (NASDAQ:RAVEGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The restaurant operator reported $0.04 EPS for the quarter. The firm had revenue of $2.79 million during the quarter. Rave Restaurant Group had a return on equity of 18.06% and a net margin of 15.94%.

Insider Transactions at Rave Restaurant Group

In other Rave Restaurant Group news, insider Value Llp Ima bought 51,921 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $1.96 per share, with a total value of $101,765.16. Following the purchase, the insider now owns 1,011,807 shares in the company, valued at approximately $1,983,141.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders acquired 103,762 shares of company stock valued at $203,066. Corporate insiders own 27.80% of the company’s stock.

Institutional Investors Weigh In On Rave Restaurant Group

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC grew its holdings in Rave Restaurant Group by 166.2% during the 1st quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 41,918 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Rave Restaurant Group by 38.2% during the 3rd quarter. Renaissance Technologies LLC now owns 243,800 shares of the restaurant operator’s stock valued at $341,000 after buying an additional 67,444 shares during the last quarter. Geode Capital Management LLC grew its holdings in Rave Restaurant Group by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock valued at $217,000 after buying an additional 6,896 shares during the last quarter. James Investment Research Inc. acquired a new stake in Rave Restaurant Group during the 3rd quarter valued at $36,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Rave Restaurant Group during the 3rd quarter valued at $107,000. Institutional investors and hedge funds own 15.12% of the company’s stock.

About Rave Restaurant Group

(Get Free Report)

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.

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