Rave Restaurant Group (NASDAQ:RAVE) Now Covered by StockNews.com

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

Rave Restaurant Group Price Performance

Rave Restaurant Group stock opened at $1.75 on Friday. Rave Restaurant Group has a 1-year low of $1.62 and a 1-year high of $2.64. The business has a fifty day moving average price of $1.83 and a 200-day moving average price of $1.91. The stock has a market capitalization of $25.53 million, a price-to-earnings ratio of 11.67 and a beta of 0.56.

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 position in Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,573 shares of the restaurant operator’s stock after purchasing an additional 8,258 shares during the period. Corsair Capital Management L.P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent quarter. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.