Rave Restaurant Group (NASDAQ:RAVE) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Rave Restaurant Group, Inc. (NASDAQ:RAVE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.86 and traded as high as $3.13. Rave Restaurant Group shares last traded at $3.02, with a volume of 45,068 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Rave Restaurant Group Stock Performance

The business’s 50 day moving average price is $3.04 and its two-hundred day moving average price is $2.86. The company has a market capitalization of $42.92 million, a price-to-earnings ratio of 15.90 and a beta of 0.45.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $0.05 EPS for the quarter. Rave Restaurant Group had a net margin of 22.44% and a return on equity of 19.80%. The business had revenue of $3.21 million for the quarter.

Institutional Trading of Rave Restaurant Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Evergreen Capital Management LLC acquired a new stake in shares of Rave Restaurant Group in the second quarter valued at $56,000. Militia Capital Partners LP acquired a new position in Rave Restaurant Group during the first quarter worth about $30,000. Finally, Watchman Group Inc. raised its position in Rave Restaurant Group by 5.6% in the first quarter. Watchman Group Inc. now owns 182,800 shares of the restaurant operator’s stock worth $503,000 after acquiring an additional 9,700 shares in the last quarter. Institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Company Profile

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.