Short Interest in Rave Restaurant Group, Inc. (NASDAQ:RAVE) Expands By 20.1%

Rave Restaurant Group, Inc. (NASDAQ:RAVE) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 32,731 shares, a growth of 20.1% from the January 15th total of 27,249 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 21,199 shares, the short-interest ratio is presently 1.5 days. Based on an average trading volume of 21,199 shares, the short-interest ratio is presently 1.5 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RAVE. Saber Capital Managment LLC acquired a new stake in shares of Rave Restaurant Group in the fourth quarter worth $514,000. True North Advisors LLC bought a new stake in Rave Restaurant Group in the 4th quarter valued at $352,000. Evergreen Capital Management LLC acquired a new stake in Rave Restaurant Group in the 2nd quarter worth $56,000. Renaissance Technologies LLC increased its holdings in shares of Rave Restaurant Group by 11.1% during the 4th quarter. Renaissance Technologies LLC now owns 165,856 shares of the restaurant operator’s stock worth $547,000 after purchasing an additional 16,598 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Rave Restaurant Group during the 4th quarter worth about $35,000. 15.12% of the stock is currently owned by institutional investors and hedge funds.

Rave Restaurant Group Trading Down 4.5%

Rave Restaurant Group stock traded down $0.15 on Tuesday, reaching $3.15. 78,126 shares of the stock were exchanged, compared to its average volume of 25,522. Rave Restaurant Group has a twelve month low of $2.01 and a twelve month high of $3.75. The firm has a fifty day moving average price of $3.17 and a two-hundred day moving average price of $3.07. The stock has a market cap of $44.77 million, a PE ratio of 15.75 and a beta of 0.35.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings results on Thursday, February 5th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a return on equity of 19.70% and a net margin of 23.04%.The company had revenue of $3.04 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rave Restaurant Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.