Rave Restaurant Group, Inc. (NASDAQ:RAVE) Short Interest Update

Rave Restaurant Group, Inc. (NASDAQ:RAVE) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 14,199 shares, a decline of 51.7% from the April 30th total of 29,389 shares. Based on an average daily volume of 105,633 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Rave Restaurant Group Trading Up 0.9%

RAVE traded up $0.03 during trading on Monday, hitting $3.07. The stock had a trading volume of 9,823 shares, compared to its average volume of 60,482. The firm has a market cap of $43.57 million, a PE ratio of 14.60 and a beta of 0.41. Rave Restaurant Group has a 12 month low of $2.25 and a 12 month high of $3.75. The company has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $2.90.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in shares of Rave Restaurant Group by 6.8% during the 1st quarter. Renaissance Technologies LLC now owns 177,061 shares of the restaurant operator’s stock worth $469,000 after purchasing an additional 11,205 shares during the period. James Investment Research Inc. increased its holdings in shares of Rave Restaurant Group by 56.3% during the 1st quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 9,000 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Rave Restaurant Group by 87.2% during the 4th quarter. NewEdge Advisors LLC now owns 29,946 shares of the restaurant operator’s stock worth $99,000 after purchasing an additional 13,946 shares during the period. Saber Capital Managment LLC bought a new position in shares of Rave Restaurant Group during the 4th quarter worth about $514,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Rave Restaurant Group during the 4th quarter worth about $35,000. Institutional investors 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.