Rave Restaurant Group, Inc. (NASDAQ:RAVE) Sees Large Increase in Short Interest

Rave Restaurant Group, Inc. (NASDAQ:RAVE) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 32,731 shares, a growth of 20.1% from the January 15th total of 27,249 shares. Based on an average trading volume of 21,199 shares, the short-interest ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 21,199 shares, the short-interest ratio is presently 1.5 days.

Rave Restaurant Group Price Performance

Rave Restaurant Group stock opened at $3.15 on Thursday. The firm has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $3.07. Rave Restaurant Group has a twelve month low of $2.01 and a twelve month high of $3.75. The company has a market capitalization of $44.76 million, a PE ratio of 15.75 and a beta of 0.35.

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

Institutional Trading of Rave Restaurant Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in shares of Rave Restaurant Group by 87.2% in the fourth quarter. NewEdge Advisors LLC now owns 29,946 shares of the restaurant operator’s stock worth $99,000 after buying an additional 13,946 shares during the period. Renaissance Technologies LLC grew its holdings in Rave Restaurant Group by 11.1% in the 4th quarter. Renaissance Technologies LLC now owns 165,856 shares of the restaurant operator’s stock worth $547,000 after acquiring an additional 16,598 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of Rave Restaurant Group by 50.7% in the third quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock valued at $99,000 after acquiring an additional 10,063 shares during the period. Evergreen Capital Management LLC purchased a new position in shares of Rave Restaurant Group in the second quarter valued at about $56,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Rave Restaurant Group during the fourth quarter valued at about $35,000. Institutional investors own 15.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.