Rave Restaurant Group (NASDAQ:RAVE) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Rave Restaurant Group, Inc. (NASDAQ:RAVE)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.92 and traded as high as $3.14. Rave Restaurant Group shares last traded at $3.04, with a volume of 60,630 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Rave Restaurant Group presently has a consensus rating of “Hold”.

Rave Restaurant Group Stock Performance

The company has a market capitalization of $43.20 million, a PE ratio of 15.20 and a beta of 0.33. The stock has a fifty day moving average of $2.86 and a 200 day moving average of $2.92.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings results on Thursday, November 6th. The restaurant operator reported $0.05 EPS for the quarter. The business had revenue of $3.21 million for the quarter. Rave Restaurant Group had a net margin of 23.12% and a return on equity of 20.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Evergreen Capital Management LLC bought a new position in Rave Restaurant Group during the second quarter valued at $56,000. Militia Capital Partners LP purchased a new stake in Rave Restaurant Group during the first quarter valued at approximately $30,000. Susquehanna International Group LLP lifted its stake 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 purchasing an additional 10,063 shares during the last quarter. Finally, Watchman Group Inc. boosted its holdings in shares of Rave Restaurant Group by 5.6% in the 1st quarter. Watchman Group Inc. now owns 182,800 shares of the restaurant operator’s stock worth $503,000 after purchasing an additional 9,700 shares during the period. 15.12% of the stock is owned by hedge funds and other institutional investors.

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.