Rave Restaurant Group (NASDAQ:RAVE) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Rating) in a note issued to investors on Thursday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of RAVE stock opened at $1.70 on Thursday. The stock has a market capitalization of $24.04 million, a PE ratio of 3.86 and a beta of 0.63. Rave Restaurant Group has a 1-year low of $0.85 and a 1-year high of $2.28. The business has a 50-day moving average of $1.52 and a 200 day moving average of $1.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in shares of Rave Restaurant Group by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 264,864 shares of the restaurant operator’s stock worth $418,000 after acquiring an additional 21,064 shares in the last quarter. Geode Capital Management LLC increased its position in Rave Restaurant Group by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock valued at $217,000 after buying an additional 6,896 shares in the last quarter. Virtu Financial LLC increased its position in Rave Restaurant Group by 166.2% during the 1st quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 41,918 shares in the last quarter. Finally, Corsair Capital Management L.P. increased its position in Rave Restaurant Group by 48.2% during the 1st quarter. Corsair Capital Management L.P. now owns 138,966 shares of the restaurant operator’s stock valued at $200,000 after buying an additional 45,190 shares in the last quarter. Institutional investors own 5.92% of the company’s stock.

About Rave Restaurant Group

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Rave Restaurant Group, Inc engages in the management and franchising of restaurants. It operates through the following segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. The Pizza Inn Franchising and Pie Five Franchising segments establish franchisees, licensees, and territorial rights.