Saber Capital Managment LLC Makes New $514,000 Investment in Rave Restaurant Group, Inc. $RAVE

Saber Capital Managment LLC purchased a new position in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 155,889 shares of the restaurant operator’s stock, valued at approximately $514,000. Rave Restaurant Group makes up 0.4% of Saber Capital Managment LLC’s holdings, making the stock its 25th largest holding.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new position in Rave Restaurant Group during the fourth quarter worth $35,000. Evergreen Capital Management LLC purchased a new position in Rave Restaurant Group during the second quarter worth $56,000. Susquehanna International Group LLP increased its position in 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. True North Advisors LLC purchased a new position in Rave Restaurant Group during the fourth quarter worth $352,000. Finally, Renaissance Technologies LLC increased its position in Rave Restaurant Group by 11.1% during the fourth quarter. Renaissance Technologies LLC now owns 165,856 shares of the restaurant operator’s stock worth $547,000 after buying an additional 16,598 shares in the last quarter. Hedge funds and other institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Price Performance

RAVE stock opened at $3.40 on Monday. Rave Restaurant Group, Inc. has a 52-week low of $2.25 and a 52-week high of $3.75. The stock’s fifty day simple moving average is $2.74 and its 200-day simple moving average is $2.91. The stock has a market capitalization of $48.31 million, a price-to-earnings ratio of 16.19 and a beta of 0.41.

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

Wall Street Analysts Forecast Growth

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

Rave Restaurant Group 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.