Rave Restaurant Group (NASDAQ:RAVE) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Rave Restaurant Group, Inc. (NASDAQ:RAVE)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.04 and traded as high as $3.40. Rave Restaurant Group shares last traded at $3.37, with a volume of 29,058 shares traded.

Wall Street Analyst Weigh In

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

Rave Restaurant Group Trading Up 0.9%

The business’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.04. The firm has a market cap of $47.89 million, a P/E ratio of 16.85 and a beta of 0.35.

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

Institutional Investors Weigh In On Rave Restaurant Group

Large investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC bought a new position in shares of Rave Restaurant Group in the second quarter valued at approximately $56,000. Susquehanna International Group LLP grew its stake in 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 buying an additional 10,063 shares during the last quarter. Finally, True North Advisors LLC acquired a new position in Rave Restaurant Group in the 4th quarter valued at $352,000. Institutional investors own 15.12% of the company’s stock.

About Rave Restaurant Group

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.