Rave Restaurant Group, Inc. (NASDAQ:RAVE) Short Interest Up 34.7% in February

Rave Restaurant Group, Inc. (NASDAQ:RAVE) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 71,500 shares, a growth of 34.7% from the February 13th total of 53,100 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 31,500 shares, the short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On Rave Restaurant Group

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of Rave Restaurant Group by 36.9% in the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after buying an additional 34,977 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Rave Restaurant Group in the fourth quarter worth about $29,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Rave Restaurant Group by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock worth $78,000 after purchasing an additional 6,682 shares in the last quarter. 15.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Rave Restaurant Group in a research report on Wednesday. They set a “buy” rating for the company.

Rave Restaurant Group Stock Down 2.7 %

RAVE traded down $0.08 during trading on Friday, hitting $2.84. The company had a trading volume of 9,786 shares, compared to its average volume of 30,554. The company has a market capitalization of $41.78 million, a PE ratio of 15.78 and a beta of 0.43. Rave Restaurant Group has a one year low of $1.70 and a one year high of $3.36. The firm’s 50-day moving average price is $2.64 and its 200 day moving average price is $2.58.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 20.68%.

About Rave Restaurant Group

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.