Rave Restaurant Group, Inc. (NASDAQ:RAVE) Short Interest Update

Rave Restaurant Group, Inc. (NASDAQ:RAVE) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 15,400 shares, a growth of 25.2% from the May 15th total of 12,300 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 18,500 shares, the short-interest ratio is presently 0.8 days.

Rave Restaurant Group Trading Up 2.0%

NASDAQ:RAVE opened at $2.50 on Friday. The firm has a market capitalization of $35.53 million, a price-to-earnings ratio of 13.16 and a beta of 0.11. Rave Restaurant Group has a 1-year low of $1.70 and a 1-year high of $3.36. The business’s fifty day moving average price is $2.54 and its 200 day moving average price is $2.63.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings results on Thursday, May 8th. The restaurant operator reported $0.05 earnings per share for the quarter. The firm had revenue of $2.97 million for the quarter. Rave Restaurant Group had a return on equity of 20.59% and a net margin of 22.34%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RAVE. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 6,682 shares in the last quarter. Two Sigma Securities LLC purchased a new position in Rave Restaurant Group in the fourth quarter valued at about $29,000. Watchman Group Inc. grew its stake in 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 purchasing an additional 9,700 shares in the last quarter. Finally, Militia Capital Partners LP purchased a new position in Rave Restaurant Group in the first quarter valued at about $30,000. 15.12% of the stock is owned by institutional investors and hedge funds.

About Rave Restaurant Group

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.