Begins Coverage on Rave Restaurant Group (NASDAQ:RAVE) started coverage on shares of Rave Restaurant Group (NASDAQ:RAVEFree Report) in a report issued on Friday. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Performance

Shares of RAVE stock opened at $1.92 on Friday. Rave Restaurant Group has a one year low of $1.62 and a one year high of $2.64. The company has a 50 day moving average price of $1.94 and a 200 day moving average price of $2.00. The firm has a market capitalization of $28.01 million, a price-to-earnings ratio of 12.80 and a beta of 0.66.

Rave Restaurant Group (NASDAQ:RAVEGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a net margin of 18.74% and a return on equity of 20.19%. The firm had revenue of $2.96 million during the quarter.

Institutional Investors Weigh In On Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.P. grew its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVEFree Report) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter. Institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

(Get Free Report)

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.

Further Reading

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