Rave Restaurant Group (NASDAQ:RAVE) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Rave Restaurant Group, Inc. (NASDAQ:RAVE)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.92 and traded as high as $2.99. Rave Restaurant Group shares last traded at $2.96, with a volume of 16,860 shares changing hands.

Analyst Ratings Changes

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

Rave Restaurant Group Stock Up 3.9%

The firm has a 50 day simple moving average of $2.84 and a two-hundred day simple moving average of $2.92. The stock has a market capitalization of $42.06 million, a P/E ratio of 14.80 and a beta of 0.33.

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

Hedge Funds Weigh In On Rave Restaurant Group

A number of institutional investors have recently added to or reduced their stakes in RAVE. Militia Capital Partners LP bought a new position in Rave Restaurant Group in the 1st quarter valued at approximately $30,000. Evergreen Capital Management LLC acquired a new position in shares of Rave Restaurant Group during the second quarter worth $56,000. Finally, Susquehanna International Group LLP increased its holdings in shares of Rave Restaurant Group by 50.7% during the third quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock worth $99,000 after buying an additional 10,063 shares in the last quarter. 15.12% of the stock is currently 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.