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

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

Rave Restaurant Group Trading Up 3.7 %

Shares of NASDAQ RAVE opened at $2.27 on Monday. The company has a 50-day moving average of $2.61 and a 200 day moving average of $2.69. The stock has a market cap of $33.40 million, a PE ratio of 12.61 and a beta of 0.13. Rave Restaurant Group has a 12-month low of $1.70 and a 12-month high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Hedge Funds Weigh In On Rave Restaurant Group

Several institutional investors have recently modified their holdings of RAVE. Dimensional Fund Advisors LP boosted its position in shares of Rave Restaurant Group by 28.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after acquiring an additional 6,682 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Rave Restaurant Group during the 4th quarter worth $29,000. Finally, Geode Capital Management LLC grew its holdings in shares of Rave Restaurant Group by 36.9% during the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock worth $264,000 after buying an additional 34,977 shares during the last quarter. 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.