StockNews.com Begins Coverage on Rave Restaurant Group (NASDAQ:RAVE)

Posted by Tyrone Williams on May 7th, 2024

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Free Report) in a research report sent to investors on Saturday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 6.1 %

RAVE stock opened at $1.85 on Friday. The stock has a market capitalization of $26.99 million, a P/E ratio of 12.33 and a beta of 0.37. Rave Restaurant Group has a 12 month low of $1.50 and a 12 month high of $2.64. The firm has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.11.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. increased its position in Rave Restaurant Group, Inc. (NASDAQ:RAVE – Free Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,573 shares of the restaurant operator’s stock after buying an additional 8,258 shares during the quarter. Corsair Capital Management L.P. owned 1.18% of Rave Restaurant Group worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.12% of the stock is currently owned by institutional investors and hedge funds.

Rave Restaurant Group Company Profile

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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.