Rave Restaurant Group (NASDAQ:RAVE) Now Covered by Analysts at StockNews.com

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

Rave Restaurant Group Price Performance

Shares of Rave Restaurant Group stock opened at $2.10 on Friday. The firm’s fifty day simple moving average is $1.99 and its 200-day simple moving average is $2.11. Rave Restaurant Group has a 12 month low of $1.50 and a 12 month high of $2.64. The stock has a market capitalization of $30.63 million, a price-to-earnings ratio of 16.15 and a beta of 0.33.

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

Insider Activity at Rave Restaurant Group

In other news, insider Value Llp Ima acquired 51,921 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $1.96 per share, for a total transaction of $101,765.16. Following the transaction, the insider now directly owns 1,011,807 shares in the company, valued at approximately $1,983,141.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently bought a new stake in Rave Restaurant Group stock. James Investment Research Inc. bought a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 15,000 shares of the restaurant operator’s stock, valued at approximately $36,000. James Investment Research Inc. owned approximately 0.11% of Rave Restaurant Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 15.12% of the company’s stock.

About Rave Restaurant Group

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.