Rave Restaurant Group (NASDAQ:RAVE) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Rave Restaurant Group, Inc. (NASDAQ:RAVE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.00 and traded as high as $3.20. Rave Restaurant Group shares last traded at $3.20, with a volume of 6,367 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Rave Restaurant Group Price Performance

The stock has a market cap of $45.19 million, a price-to-earnings ratio of 15.90 and a beta of 0.32. The business has a fifty day moving average of $3.04 and a 200 day moving average of $3.01.

Rave Restaurant Group (NASDAQ:RAVE) last posted its earnings results on Thursday, November 6th. The restaurant operator reported $0.05 EPS for the quarter. The company had revenue of $3.21 million during the quarter. Rave Restaurant Group had a net margin of 23.12% and a return on equity of 20.11%.

Institutional Trading of Rave Restaurant Group

A hedge fund recently raised its stake in Rave Restaurant Group stock. Susquehanna International Group LLP lifted its stake in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 50.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,902 shares of the restaurant operator’s stock after acquiring an additional 10,063 shares during the quarter. Susquehanna International Group LLP owned about 0.21% of Rave Restaurant Group worth $99,000 as of its most recent filing with the SEC. 15.12% of the stock is currently owned by hedge funds and other institutional investors.

Rave Restaurant Group Company Profile

Rave Restaurant Group, Inc, through its subsidiaries, develops, operates and franchises a fast‐casual pizza restaurant concept under the Rave Restaurant Group brand. The company’s locations feature made‐to‐order artisanal pizzas, calzones, salads, desserts and specialty beverages, with service options that include dine‐in, takeout, delivery and catering. A proprietary digital platform supports each restaurant’s point‐of‐sale, online ordering and loyalty programs, aiming to enhance guest convenience and operational efficiency.

Founded in 2008 and headquartered in Miami, Florida, RAVE Restaurant Group has grown its footprint to include both company‐owned and franchised units across select U.S.