Rave Restaurant Group (NASDAQ:RAVE) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.96 and traded as high as $3.11. Rave Restaurant Group shares last traded at $3.09, with a volume of 4,006 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Rave Restaurant Group in a research report on Friday, July 31st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Rave Restaurant Group Price Performance

The company has a market cap of $43.20 million, a P/E ratio of 14.48 and a beta of 0.42. The company has a fifty day simple moving average of $3.23 and a 200-day simple moving average of $2.96.

Institutional Investors Weigh In On Rave Restaurant Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Saber Capital Managment LLC acquired a new position in shares of Rave Restaurant Group in the fourth quarter worth about $514,000. NewEdge Advisors LLC increased its stake 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 worth $99,000 after acquiring an additional 13,946 shares during the last quarter. Renaissance Technologies LLC increased its position in Rave Restaurant Group by 11.1% in the 4th quarter. Renaissance Technologies LLC now owns 165,856 shares of the restaurant operator’s stock worth $547,000 after purchasing an additional 16,598 shares during the last quarter. Susquehanna International Group LLP increased its holdings in 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 buying an additional 10,063 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of Rave Restaurant Group during the 2nd quarter valued at $233,000. 15.12% of the stock is owned by institutional investors and hedge funds.

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.