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

Rave Restaurant Group, Inc. (NASDAQ:RAVE) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 32,731 shares, an increase of 20.1% from the January 15th total of 27,249 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,199 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 21,199 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Rave Restaurant Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Trading of Rave Restaurant Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Evergreen Capital Management LLC purchased a new position in Rave Restaurant Group in the second quarter valued at about $56,000. Susquehanna International Group LLP lifted its holdings in shares of Rave Restaurant Group by 50.7% during the 3rd quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock valued at $99,000 after buying an additional 10,063 shares during the last quarter. True North Advisors LLC acquired a new stake in shares of Rave Restaurant Group during the 4th quarter valued at about $352,000. Goldman Sachs Group Inc. bought a new stake in shares of Rave Restaurant Group in the 4th quarter valued at approximately $35,000. Finally, Renaissance Technologies LLC increased its holdings in Rave Restaurant Group by 11.1% in 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 during the last quarter. 15.12% of the stock is currently owned by hedge funds and other institutional investors.

Rave Restaurant Group Stock Performance

Shares of NASDAQ RAVE traded down $0.15 during mid-day trading on Tuesday, reaching $3.15. The company had a trading volume of 78,126 shares, compared to its average volume of 25,522. The stock has a fifty day moving average of $3.17 and a two-hundred day moving average of $3.07. The company has a market capitalization of $44.77 million, a price-to-earnings ratio of 15.75 and a beta of 0.35. Rave Restaurant Group has a 12-month low of $2.01 and a 12-month high of $3.75.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Thursday, February 5th. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a net margin of 23.04% and a return on equity of 19.70%. The firm had revenue of $3.04 million for the quarter.

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.