Rave Restaurant Group (NASDAQ:RAVE) Shares Pass Above 200-Day Moving Average – Time to Sell?

Rave Restaurant Group, Inc. (NASDAQ:RAVE)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.96 and traded as high as $3.36. Rave Restaurant Group shares last traded at $3.26, with a volume of 13,418 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Rave Restaurant Group Stock Performance

The stock has a market cap of $44.48 million, a P/E ratio of 14.91 and a beta of 0.42. The business’s 50-day moving average price is $3.21 and its 200-day moving average price is $2.96.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, May 7th. The restaurant operator reported $0.06 earnings per share for the quarter. Rave Restaurant Group had a net margin of 23.19% and a return on equity of 19.22%. The company had revenue of $3.22 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. James Investment Research Inc. increased its position in shares of Rave Restaurant Group by 56.2% in the 1st quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 9,000 shares during the period. Susquehanna International Group LLP lifted 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 worth $99,000 after acquiring an additional 10,063 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Rave Restaurant Group during the 4th quarter worth about $35,000. Renaissance Technologies LLC grew its stake in Rave Restaurant Group by 6.8% during the 1st quarter. Renaissance Technologies LLC now owns 177,061 shares of the restaurant operator’s stock valued at $469,000 after purchasing an additional 11,205 shares during the last quarter. Finally, NewEdge Advisors LLC grew 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 during the last quarter. Institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

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.