Rave Restaurant Group (NASDAQ:RAVE) Releases Quarterly Earnings Results

Rave Restaurant Group (NASDAQ:RAVE) issued its quarterly earnings data on Thursday. The restaurant operator reported $0.06 earnings per share for the quarter, FiscalAI reports. Rave Restaurant Group had a return on equity of 19.73% and a net margin of 23.19%.The firm had revenue of $3.22 million for the quarter.

Rave Restaurant Group Stock Performance

Shares of RAVE traded down $0.11 during mid-day trading on Friday, reaching $2.80. The company had a trading volume of 37,084 shares, compared to its average volume of 88,114. Rave Restaurant Group has a 52 week low of $2.25 and a 52 week high of $3.75. The company has a market capitalization of $39.79 million, a price-to-earnings ratio of 13.33 and a beta of 0.39. The firm has a 50-day moving average price of $2.62 and a 200 day moving average price of $2.89.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Rave Restaurant Group

A number of institutional investors have recently modified their holdings of RAVE. James Investment Research Inc. raised its position in shares of Rave Restaurant Group by 56.3% in the 1st quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 9,000 shares during the last quarter. NewEdge Advisors LLC increased its stake in Rave Restaurant Group by 87.2% during 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 in the last quarter. Saber Capital Managment LLC purchased a new position in Rave Restaurant Group in the fourth quarter worth about $514,000. Renaissance Technologies LLC lifted its stake in shares of Rave Restaurant Group by 11.1% in the fourth quarter. Renaissance Technologies LLC now owns 165,856 shares of the restaurant operator’s stock worth $547,000 after buying an additional 16,598 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Rave Restaurant Group during the fourth quarter valued at approximately $35,000. 15.12% of the stock is owned by hedge funds and other institutional investors.

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.