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

Rave Restaurant Group, Inc. (NASDAQ:RAVE) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.89 and traded as high as $2.97. Rave Restaurant Group shares last traded at $2.80, with a volume of 37,084 shares.

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 Monday, May 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Rave Restaurant Group Trading Down 3.8%

The firm has a market cap of $39.79 million, a price-to-earnings ratio of 13.33 and a beta of 0.39. The stock has a 50-day moving average of $2.62 and a 200-day moving average of $2.89.

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 return on equity of 19.73% and a net margin of 23.19%.The business had revenue of $3.22 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in Rave Restaurant Group during the 4th quarter valued at approximately $35,000. Evergreen Capital Management LLC acquired a new position in Rave Restaurant Group during the 2nd quarter valued at approximately $56,000. James Investment Research Inc. boosted its position in Rave Restaurant Group by 56.3% 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 boosted its position 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 valued at $99,000 after purchasing an additional 10,063 shares during the period. Finally, NewEdge Advisors LLC boosted its position 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 during the period. 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.