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

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

Rave Restaurant Group Stock Performance

Shares of RAVE stock opened at $1.88 on Thursday. The stock’s 50-day moving average is $1.97 and its two-hundred day moving average is $2.02. Rave Restaurant Group has a 1 year low of $1.62 and a 1 year high of $2.64. The firm has a market cap of $27.43 million, a price-to-earnings ratio of 12.53 and a beta of 0.66.

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

Institutional Investors Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Corsair Capital Management L.P. grew its stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,573 shares of the restaurant operator’s stock after acquiring an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned about 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent quarter. 15.12% of the stock is owned by institutional investors.

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.