Rave Restaurant Group (NASDAQ:RAVE) Stock Passes Above Two Hundred Day Moving Average – What’s Next?
by Renee Jackson · The Cerbat GemRave Restaurant Group, Inc. (NASDAQ:RAVE – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.95 and traded as high as $3.42. Rave Restaurant Group shares last traded at $3.23, with a volume of 42,811 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings lowered Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Report on Rave Restaurant Group
Rave Restaurant Group Stock Performance
The stock has a market capitalization of $46.89 million, a P/E ratio of 16.50 and a beta of 0.33. The business has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $2.95.
Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $0.05 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 20.11% and a net margin of 23.12%.The business had revenue of $3.21 million during the quarter.
Hedge Funds Weigh In On Rave Restaurant Group
Hedge funds have recently made changes to their positions in the business. Militia Capital Partners LP acquired a new stake in Rave Restaurant Group during the first quarter valued at approximately $30,000. Evergreen Capital Management LLC acquired a new stake in shares of Rave Restaurant Group during the 2nd quarter valued at $56,000. Finally, Susquehanna International Group LLP boosted its stake in shares of 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 acquiring an additional 10,063 shares in the last quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.
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.