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

Shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.97 and traded as high as $3.16. Rave Restaurant Group shares last traded at $3.10, with a volume of 15,977 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Rave Restaurant Group currently has a consensus rating of “Hold”.

Rave Restaurant Group Price Performance

The company has a market cap of $44.05 million, a price-to-earnings ratio of 14.76 and a beta of 0.41. The business’s 50-day simple moving average is $3.17 and its 200-day simple moving average is $2.97.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $0.06 EPS for the quarter. Rave Restaurant Group had a net margin of 23.19% and a return on equity of 19.22%. The business had revenue of $3.22 million for the quarter.

Institutional Investors Weigh In On Rave Restaurant Group

A number of large investors have recently bought and sold shares of RAVE. Goldman Sachs Group Inc. acquired a new position in shares of Rave Restaurant Group in the fourth quarter worth $35,000. Evergreen Capital Management LLC purchased a new stake in shares of Rave Restaurant Group in the second quarter valued at $56,000. James Investment Research Inc. boosted its stake in shares of Rave Restaurant Group by 56.2% during the first quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 9,000 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Rave Restaurant Group by 87.2% during the fourth quarter. NewEdge Advisors LLC now owns 29,946 shares of the restaurant operator’s stock valued at $99,000 after acquiring an additional 13,946 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake 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 valued at $99,000 after acquiring an additional 10,063 shares during the last quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.

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.