Rave Restaurant Group, Inc. (NASDAQ:RAVE) Short Interest Update
by Doug Wharley · The Cerbat GemRave Restaurant Group, Inc. (NASDAQ:RAVE – Get Free Report) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 27,249 shares, a decline of 14.3% from the December 31st total of 31,792 shares. Based on an average daily trading volume, of 21,204 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 21,204 shares, the short-interest ratio is currently 1.3 days.
Rave Restaurant Group Trading Up 0.2%
Shares of RAVE stock traded up $0.01 during trading hours on Tuesday, hitting $3.38. 2,063 shares of the company were exchanged, compared to its average volume of 20,816. Rave Restaurant Group has a 52 week low of $2.01 and a 52 week high of $3.75. The business has a 50 day moving average of $3.10 and a two-hundred day moving average of $3.04. The company has a market capitalization of $47.97 million, a PE ratio of 16.88 and a beta of 0.35.
Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) last announced its earnings results on Thursday, November 6th. The restaurant operator reported $0.05 earnings per share for the quarter. Rave Restaurant Group had a net margin of 23.12% and a return on equity of 20.11%. The firm had revenue of $3.21 million during the quarter.
Institutional Investors Weigh In On Rave Restaurant Group
Several institutional investors have recently bought and sold shares of RAVE. Susquehanna International Group LLP increased its holdings in Rave Restaurant Group by 50.7% during the third quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock worth $99,000 after buying an additional 10,063 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Rave Restaurant Group during the 2nd quarter worth about $56,000. Finally, True North Advisors LLC bought a new stake in shares of Rave Restaurant Group in the 4th quarter valued at about $352,000. Institutional investors own 15.12% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Rave Restaurant Group in a report on Thursday, January 22nd. 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”.
View Our Latest Analysis on RAVE
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.