Equities research analysts at StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) in a research report issued on Thursday. The firm set a “buy” rating on the restaurant operator’s stock.
Separately, TheStreet cut shares of Rave Restaurant Group from a “b” rating to a “c+” rating in a research report on Wednesday, December 20th.
View Our Latest Report on RAVE
Rave Restaurant Group Stock Down 0.5 %
Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a net margin of 15.94% and a return on equity of 18.06%. The company had revenue of $2.79 million during the quarter.
Insider Buying and Selling at Rave Restaurant Group
In other news, insider Value Llp Ima acquired 51,921 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $1.96 per share, for a total transaction of $101,765.16. Following the purchase, the insider now owns 1,011,807 shares in the company, valued at approximately $1,983,141.72. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders bought 103,762 shares of company stock worth $203,066. Insiders own 27.80% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of RAVE. James Investment Research Inc. purchased a new stake in shares of Rave Restaurant Group during the 3rd quarter valued at $36,000. Virtu Financial LLC lifted its stake in Rave Restaurant Group by 166.2% in the first quarter. Virtu Financial LLC now owns 67,144 shares of the restaurant operator’s stock worth $72,000 after purchasing an additional 41,918 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Rave Restaurant Group in the fourth quarter worth $85,000. Charles Schwab Investment Management Inc. bought a new stake in Rave Restaurant Group in the third quarter worth $107,000. Finally, Geode Capital Management LLC lifted its stake in Rave Restaurant Group by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 137,411 shares of the restaurant operator’s stock worth $217,000 after purchasing an additional 6,896 shares during the last quarter. 15.12% of the stock is owned by institutional investors.
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.
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