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

Rave Restaurant Group (NASDAQ:RAVE) released its quarterly earnings data on Thursday. The restaurant operator reported $0.04 EPS for the quarter, FiscalAI reports. Rave Restaurant Group had a return on equity of 20.20% and a net margin of 23.04%.The business had revenue of $3.04 million during the quarter.

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE traded up $0.07 during midday trading on Friday, reaching $3.25. 19,121 shares of the company’s stock were exchanged, compared to its average volume of 18,858. The business’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $3.05. Rave Restaurant Group has a 52-week low of $2.01 and a 52-week high of $3.75. The stock has a market capitalization of $46.18 million, a PE ratio of 16.25 and a beta of 0.35.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Rave Restaurant Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC bought a new stake in Rave Restaurant Group in the second quarter valued at about $56,000. Susquehanna International Group LLP increased its holdings in shares of Rave Restaurant Group by 50.7% in the 3rd quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock valued at $99,000 after acquiring an additional 10,063 shares during the last quarter. Finally, True North Advisors LLC bought a new stake in shares of Rave Restaurant Group in the 4th quarter valued at approximately $352,000. 15.12% of the stock is owned by institutional investors and hedge funds.

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.