Rave Restaurant Group (NASDAQ:RAVE) Issues Earnings Results

Rave Restaurant Group (NASDAQ:RAVE) announced its quarterly earnings data on Thursday. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports. Rave Restaurant Group had a net margin of 23.19% and a return on equity of 19.22%. The business had revenue of $3.43 million during the quarter.

Rave Restaurant Group Price Performance

Shares of RAVE stock opened at $2.29 on Friday. The company has a market capitalization of $32.55 million, a P/E ratio of 10.91 and a beta of 0.43. The company’s 50-day simple moving average is $3.05 and its two-hundred day simple moving average is $2.92. Rave Restaurant Group has a one year low of $2.06 and a one year high of $3.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Rave Restaurant Group in a report on Friday, July 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Rave Restaurant Group currently has an average rating of “Hold”.

Institutional Trading of Rave Restaurant Group

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in Rave Restaurant Group by 32.3% during the 2nd quarter. NewEdge Advisors LLC now owns 33,067 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 8,067 shares in the last quarter. James Investment Research Inc. grew its position in shares of Rave Restaurant Group by 56.2% during the 1st quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock worth $66,000 after buying an additional 9,000 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Rave Restaurant Group by 6.8% during the 1st quarter. Renaissance Technologies LLC now owns 177,061 shares of the restaurant operator’s stock worth $469,000 after buying an additional 11,205 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Rave Restaurant Group during the second quarter valued at $233,000. Finally, Saber Capital Managment LLC purchased a new position in shares of Rave Restaurant Group during the fourth quarter valued at $514,000. Institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

RAVE Restaurant Group, Inc is a restaurant company that develops, franchises and operates pizza concepts. Its principal brands are Pizza Inn, a traditional pizza restaurant known for dine-in, buffet, carryout and delivery offerings, and Pie Five Pizza Co, a fast-casual concept specializing in individually customized pizzas with a variety of crusts, sauces, cheeses and toppings.

Through its franchising activities, RAVE supports restaurants operated by franchisees and maintains a presence in markets in the United States and internationally.