Rave Restaurant Group (NASDAQ:RAVE) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Rave Restaurant Group, Inc. (NASDAQ:RAVE) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.90 and traded as high as $3.12. Rave Restaurant Group shares last traded at $3.07, with a volume of 47,547 shares trading hands.

Wall Street Analysts Forecast Growth

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

Rave Restaurant Group Trading Up 0.3%

The business has a 50-day moving average of $2.71 and a 200 day moving average of $2.90. The firm has a market capitalization of $44.90 million, a PE ratio of 15.05 and a beta of 0.41.

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

Institutional Trading of Rave Restaurant Group

Several hedge funds have recently made changes to their positions in RAVE. Goldman Sachs Group Inc. bought a new position in Rave Restaurant Group in the 4th quarter worth approximately $35,000. Evergreen Capital Management LLC purchased a new stake in shares of Rave Restaurant Group during the second quarter worth $56,000. James Investment Research Inc. boosted its holdings in shares of Rave Restaurant Group by 56.3% in the first quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 9,000 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of Rave Restaurant Group by 50.7% in the third quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock worth $99,000 after acquiring an additional 10,063 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Rave Restaurant Group by 87.2% in the fourth 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 in the last quarter. 15.12% of the stock is currently owned by 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.