Rave Restaurant Group (NASDAQ:RAVE) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Rave Restaurant Group, Inc. (NASDAQ:RAVE) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.97 and traded as high as $3.45. Rave Restaurant Group shares last traded at $3.30, with a volume of 9,408 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Rave Restaurant Group has an average rating of “Hold”.

Rave Restaurant Group Price Performance

The stock has a market cap of $46.89 million, a P/E ratio of 15.72 and a beta of 0.41. The business’s fifty day moving average price is $3.10 and its 200 day moving average price is $2.97.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter. Rave Restaurant Group had a net margin of 23.19% and a return on equity of 19.22%. The business had revenue of $3.22 million during the quarter.

Institutional Investors Weigh In On Rave Restaurant Group

Several hedge funds have recently added to or reduced their stakes in RAVE. James Investment Research Inc. increased its position in Rave Restaurant Group by 56.2% during the 1st quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 9,000 shares during the period. Susquehanna International Group LLP raised its holdings in Rave Restaurant Group by 50.7% during the 3rd quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 10,063 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Rave Restaurant Group in the 4th quarter worth approximately $35,000. Renaissance Technologies LLC boosted its stake in shares of Rave Restaurant Group by 6.8% in the 1st quarter. Renaissance Technologies LLC now owns 177,061 shares of the restaurant operator’s stock valued at $469,000 after purchasing an additional 11,205 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Rave Restaurant Group by 87.2% in the 4th quarter. NewEdge Advisors LLC now owns 29,946 shares of the restaurant operator’s stock valued at $99,000 after purchasing an additional 13,946 shares during the last quarter. 15.12% of the stock is currently owned by institutional investors and hedge funds.

About Rave Restaurant Group

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.