Rave Restaurant Group (NASDAQ:RAVE) Now Covered by Analysts at StockNews.com

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

Separately, TheStreet cut Rave Restaurant Group from a b rating to a c+ rating in a report on Wednesday, December 20th.

Rave Restaurant Group Price Performance

Shares of RAVE stock opened at $2.06 on Thursday. Rave Restaurant Group has a twelve month low of $1.48 and a twelve month high of $2.64. The company has a market cap of $30.06 million, a P/E ratio of 15.85 and a beta of 0.33. The business has a fifty day simple moving average of $1.96 and a 200 day simple moving average of $2.12.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, February 1st. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a return on equity of 18.06% and a net margin of 15.94%. The business had revenue of $2.79 million during the quarter.

Insider Activity

In related news, insider Value Llp Ima purchased 51,921 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $1.96 per share, with a total value of $101,765.16. Following the completion of the purchase, the insider now owns 1,011,807 shares in the company, valued at approximately $1,983,141.72. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders purchased 103,762 shares of company stock valued at $203,066. Company insiders own 27.80% of the company’s stock.

Institutional Investors Weigh In On Rave Restaurant Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. acquired a new stake in shares of Rave Restaurant Group in the third quarter valued at about $36,000. Virtu Financial LLC grew its stake in Rave Restaurant Group by 166.2% during the first quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock worth $72,000 after purchasing an additional 41,918 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Rave Restaurant Group during the fourth quarter worth approximately $85,000. Charles Schwab Investment Management Inc. acquired a new stake in Rave Restaurant Group during the third quarter worth approximately $107,000. Finally, Geode Capital Management LLC grew its stake in Rave Restaurant Group by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock worth $217,000 after purchasing an additional 6,896 shares during the period. Institutional investors and hedge funds own 15.12% of the company’s stock.

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.