Analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Rating) in a research note issued on Monday. The firm set a “buy” rating on the restaurant operator’s stock.
Separately, TheStreet upgraded Rave Restaurant Group from a “c” rating to a “b-” rating in a research note on Monday, September 26th.
Rave Restaurant Group Price Performance
Shares of NASDAQ:RAVE opened at $1.55 on Monday. The business’s 50-day moving average is $1.51 and its 200 day moving average is $1.27. Rave Restaurant Group has a 1 year low of $0.82 and a 1 year high of $2.28. The firm has a market capitalization of $25.42 million, a P/E ratio of 3.44 and a beta of 0.66.
Insider Transactions at Rave Restaurant Group
In related news, CEO Brandon Solano bought 24,650 shares of the stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $1.57 per share, for a total transaction of $38,700.50. Following the completion of the purchase, the chief executive officer now directly owns 89,319 shares of the company’s stock, valued at $140,230.83. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 35.50% of the company’s stock.
Hedge Funds Weigh In On Rave Restaurant Group
An institutional investor recently raised its position in Rave Restaurant Group stock. Virtu Financial LLC increased its holdings in Rave Restaurant Group, Inc. (NASDAQ:RAVE – Get Rating) by 166.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,144 shares of the restaurant operator’s stock after purchasing an additional 41,918 shares during the quarter. Virtu Financial LLC owned 0.37% of Rave Restaurant Group worth $72,000 at the end of the most recent reporting period. 5.55% of the stock is owned by institutional investors and hedge funds.
Rave Restaurant Group Company Profile
Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.
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