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

Posted by Doug Wharley on Apr 16th, 2025

StockNews.com initiated coverage on shares of Rave Restaurant Group (NASDAQ:RAVE – Free Report) in a report published on Sunday. The brokerage issued a buy rating on the restaurant operator’s stock.

Rave Restaurant Group Stock Up 2.3 %

RAVE stock opened at $2.23 on Friday. The stock’s 50 day moving average is $2.62 and its two-hundred day moving average is $2.69. The company has a market capitalization of $32.81 million, a PE ratio of 12.39 and a beta of 0.13. Rave Restaurant Group has a 52-week low of $1.70 and a 52-week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a return on equity of 20.68% and a net margin of 21.80%.

Hedge Funds Weigh In On Rave Restaurant Group

Several institutional investors have recently made changes to their positions in RAVE. Geode Capital Management LLC boosted its holdings in shares of Rave Restaurant Group by 36.9% during the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after acquiring an additional 34,977 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Rave Restaurant Group by 28.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after acquiring an additional 6,682 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of Rave Restaurant Group in the 4th quarter worth $29,000. 15.12% of the stock is owned by institutional investors.

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.