Rave Restaurant Group (NASDAQ:RAVE) Shares Pass Above 200-Day Moving Average – Time to Sell?

Rave Restaurant Group, Inc. (NASDAQ:RAVE)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.06 and traded as high as $3.36. Rave Restaurant Group shares last traded at $3.35, with a volume of 36,265 shares traded.

Wall Street Analysts Forecast Growth

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

Rave Restaurant Group Stock Performance

The firm has a fifty day moving average of $3.13 and a 200 day moving average of $3.06. The firm has a market capitalization of $47.61 million, a PE ratio of 16.75 and a beta of 0.35.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, February 5th. The restaurant operator reported $0.04 earnings per share for the quarter. The firm had revenue of $3.04 million during the quarter. Rave Restaurant Group had a return on equity of 19.70% and a net margin of 23.04%.

Institutional Trading of Rave Restaurant Group

Several large investors have recently modified their holdings of RAVE. Goldman Sachs Group Inc. acquired a new stake in Rave Restaurant Group during the 4th quarter valued at approximately $35,000. True North Advisors LLC purchased a new position in shares of Rave Restaurant Group during the 4th quarter valued at approximately $352,000. Susquehanna International Group LLP grew its position 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. Finally, Evergreen Capital Management LLC bought a new stake in shares of Rave Restaurant Group in the second quarter worth $56,000. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.