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

Rave Restaurant Group, Inc. (NASDAQ:RAVE) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.66 and traded as high as $2.82. Rave Restaurant Group shares last traded at $2.78, with a volume of 9,695 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Rave Restaurant Group in a report on Thursday, May 15th. They issued a “buy” rating on the stock.

Rave Restaurant Group Trading Up 1.5%

The company’s 50 day moving average is $2.51 and its 200 day moving average is $2.66. The stock has a market capitalization of $39.51 million, a price-to-earnings ratio of 15.44 and a beta of 0.09.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, May 8th. The restaurant operator reported $0.05 earnings per share for the quarter. The business had revenue of $2.97 million for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 20.68%.

Institutional Trading of Rave Restaurant Group

Several institutional investors and hedge funds have recently modified their holdings of RAVE. Dimensional Fund Advisors LP raised its position in shares of Rave Restaurant Group by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after buying an additional 6,682 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of Rave Restaurant Group in the fourth quarter valued at approximately $29,000. Finally, Watchman Group Inc. raised its position in shares of Rave Restaurant Group by 5.6% in the first quarter. Watchman Group Inc. now owns 182,800 shares of the restaurant operator’s stock valued at $503,000 after buying an additional 9,700 shares during the last quarter. Hedge funds and other institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.