Rave Restaurant Group (NASDAQ:RAVE) Research Coverage Started at StockNews.com

Posted by Matthew Steigler on Jan 2nd, 2025

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Free Report) in a research note issued to investors on Monday. The firm issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of Rave Restaurant Group stock opened at $2.58 on Monday. Rave Restaurant Group has a one year low of $1.64 and a one year high of $3.36. The company has a market cap of $37.96 million, a PE ratio of 14.33 and a beta of 0.56. The business has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $2.29.

Institutional Trading of Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC grew its position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE – Free Report) by 36.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,864 shares of the restaurant operator’s stock after purchasing an additional 34,977 shares during the quarter. Geode Capital Management LLC owned approximately 0.88% of Rave Restaurant Group worth $264,000 as of its most recent filing with the SEC. 15.12% of the stock is owned by institutional investors.

Rave Restaurant Group Company Profile

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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.