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

Analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a report issued on Friday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

NASDAQ:RAVE opened at $2.10 on Friday. Rave Restaurant Group has a 12 month low of $1.48 and a 12 month high of $2.64. The firm has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $2.12. The company has a market capitalization of $30.64 million, a P/E ratio of 16.16 and a beta of 0.33.

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

Insider Activity at Rave Restaurant Group

In other Rave Restaurant Group news, insider Value Llp Ima bought 51,921 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $1.96 per share, for a total transaction of $101,765.16. Following the completion of the transaction, the insider now directly owns 1,011,807 shares of the company’s stock, valued at approximately $1,983,141.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 27.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rave Restaurant Group stock. James Investment Research Inc. acquired a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,000 shares of the restaurant operator’s stock, valued at approximately $36,000. James Investment Research Inc. owned approximately 0.11% of Rave Restaurant Group as of its most recent filing with the Securities and Exchange Commission (SEC). 15.12% of the stock is owned by hedge funds and other 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.