Rave Restaurant Group (NASDAQ:RAVE) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research note published on Wednesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of NASDAQ:RAVE opened at $2.74 on Wednesday. The firm has a market cap of $40.31 million, a price-to-earnings ratio of 15.22 and a beta of 0.09. The firm has a fifty day moving average price of $2.53 and a 200 day moving average price of $2.67. Rave Restaurant Group has a fifty-two week low of $1.70 and a fifty-two week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%. The firm had revenue of $2.97 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in Rave Restaurant Group by 28.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after purchasing an additional 6,682 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Rave Restaurant Group during the 4th quarter valued at about $29,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Rave Restaurant Group by 36.9% in the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after acquiring an additional 34,977 shares during the last quarter. 15.12% of the stock is owned by hedge funds and other institutional investors.

Rave Restaurant Group Company Profile

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.