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

Stock analysts at StockNews.com began coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Rating) in a report released on Sunday. The firm set a “strong-buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Price Performance

Shares of Rave Restaurant Group stock opened at $1.80 on Friday. The firm has a market cap of $25.48 million, a price-to-earnings ratio of 4.09 and a beta of 0.64. The business has a fifty day simple moving average of $1.63 and a 200-day simple moving average of $1.60. Rave Restaurant Group has a fifty-two week low of $0.96 and a fifty-two week high of $2.28.

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Rave Restaurant Group (NASDAQ:RAVE – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.02 earnings per share for the quarter. The business had revenue of $2.97 million during the quarter. Rave Restaurant Group had a return on equity of 69.39% and a net margin of 66.57%.

Institutional Investors Weigh In On Rave Restaurant Group

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of Rave Restaurant Group by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 264,864 shares of the restaurant operator’s stock valued at $418,000 after purchasing an additional 21,064 shares during the last quarter. Geode Capital Management LLC lifted its stake in Rave Restaurant Group by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock worth $217,000 after acquiring an additional 6,896 shares in the last quarter. Virtu Financial LLC lifted its stake in Rave Restaurant Group by 166.2% in the 1st quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock worth $72,000 after acquiring an additional 41,918 shares in the last quarter. Finally, Corsair Capital Management L.P. lifted its stake in Rave Restaurant Group by 48.2% in the 1st quarter. Corsair Capital Management L.P. now owns 138,966 shares of the restaurant operator’s stock worth $200,000 after acquiring an additional 45,190 shares in the last quarter. 5.92% of the stock is owned by hedge funds and other institutional investors.

About Rave Restaurant Group

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Rave Restaurant Group, Inc engages in the management and franchising of restaurants. It operates through the following segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. The Pizza Inn Franchising and Pie Five Franchising segments establish franchisees, licensees, and territorial rights.

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