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

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

Rave Restaurant Group Stock Down 3.4 %

NASDAQ RAVE opened at $2.59 on Thursday. The stock has a market capitalization of $38.10 million, a PE ratio of 14.39 and a beta of 0.60. Rave Restaurant Group has a 12-month low of $1.64 and a 12-month high of $3.36. The company has a 50 day moving average price of $2.78 and a two-hundred day moving average price of $2.37.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a net margin of 21.49% and a return on equity of 21.37%. The business had revenue of $3.05 million during the quarter.

Hedge Funds Weigh In On Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Geode Capital Management LLC grew its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,864 shares of the restaurant operator’s stock after buying an additional 34,977 shares during the quarter. Geode Capital Management LLC owned 0.88% of Rave Restaurant Group worth $264,000 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.