Rave Restaurant Group, Inc. (NASDAQ:RAVE) Sees Significant Drop in Short Interest

Rave Restaurant Group, Inc. (NASDAQ:RAVE) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 27,249 shares, a decrease of 14.3% from the December 31st total of 31,792 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 21,204 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 21,204 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Rave Restaurant Group Stock Performance

Shares of RAVE opened at $3.28 on Wednesday. The business’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.05. The firm has a market capitalization of $46.61 million, a price-to-earnings ratio of 16.40 and a beta of 0.35. Rave Restaurant Group has a 52 week low of $2.01 and a 52 week high of $3.75.

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

Institutional Investors Weigh In On Rave Restaurant Group

A number of institutional investors and hedge funds have recently modified their holdings of RAVE. True North Advisors LLC bought a new position in Rave Restaurant Group in the fourth quarter valued at approximately $352,000. Evergreen Capital Management LLC acquired a new position in shares of Rave Restaurant Group in the 2nd quarter valued at $56,000. Finally, Susquehanna International Group LLP boosted its position 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 worth $99,000 after purchasing an additional 10,063 shares during the last quarter. 15.12% of the stock is owned by institutional investors.

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.