1 day Ago By ABMN Staff
Equities researchers at StockNews.com initiated coverage on shares of Rave Restaurant Group ( NASDAQ:RAVE – Get Free Report ) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the restaurant operator’s stock.
Rave Restaurant Group Trading Down 1.1 % Shares of Rave Restaurant Group stock opened at $1.77 on Tuesday.
The firm has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $1.90.
The stock has a market capitalization of $25.82 million, a price-to-earnings ratio of 11.80 and a beta of 0.
56. Rave Restaurant Group has a 1-year low of $1.64 and a 1-year high of $2.
64. Institutional Trading of Rave Restaurant Group An institutional investor recently raised its position in Rave Restaurant Group stock. Corsair Capital Management L.
P. lifted its holdings in Rave Restaurant Group, Inc. ( NASDAQ:RAVE – Free Report ) by 5.
0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,573 shares of the restaurant operator’s stock after acquiring an additional 8,258 shares during the quarter. Corsair Capital Management L.
P. owned approximately 1.18% of Rave Restaurant Group worth $385,000 at the end of the most recent reporting period.
15.12% of the stock is owned by hedge funds and other institutional investors. About Rave Restaurant Group 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 Receive News & Ratings for Rave Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rave Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter .
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