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) in a research note issued to investors on Friday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

RAVE opened at $2.10 on Friday. The company’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $2.12. Rave Restaurant Group has a 1 year low of $1.50 and a 1 year high of $2.64. The stock has a market capitalization of $30.63 million, a PE ratio of 16.15 and a beta of 0.33.

Rave Restaurant Group (NASDAQ:RAVE) last released 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 net margin of 15.94% and a return on equity of 18.06%. The business had revenue of $2.79 million for the quarter.

Insider Buying and Selling at Rave Restaurant Group

In other Rave Restaurant Group news, insider Value Llp Ima purchased 51,921 shares of Rave Restaurant Group stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $1.96 per share, with a total value of $101,765.16. Following the completion of the transaction, the insider now directly owns 1,011,807 shares in the company, valued at approximately $1,983,141.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 27.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Rave Restaurant Group

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