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

Rave Restaurant Group Trading Down 1.4 %

RAVE stock opened at $2.07 on Friday. The company has a market capitalization of $30.20 million, a P/E ratio of 15.92 and a beta of 0.33. The firm has a 50 day simple moving average of $1.99 and a 200-day simple moving average of $2.11. Rave Restaurant Group has a twelve month low of $1.50 and a twelve month high of $2.64.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rave Restaurant Group stock. James Investment Research Inc. acquired a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) during the 3rd quarter, according to its most recent 13F 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 about 0.11% of Rave Restaurant Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.12% of the company’s stock.

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.