Rave Restaurant Group (NASDAQ:RAVE) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Rave Restaurant Group, Inc. (NASDAQ:RAVE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.90 and traded as high as $3.03. Rave Restaurant Group shares last traded at $2.90, with a volume of 104,599 shares.

Wall Street Analyst Weigh In

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

Rave Restaurant Group Trading Up 0.3%

The firm has a market capitalization of $41.21 million, a PE ratio of 13.81 and a beta of 0.39. The firm has a 50-day moving average of $2.62 and a two-hundred day moving average of $2.90.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings results 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 firm had revenue of $3.22 million during the quarter.

Institutional Trading of Rave Restaurant Group

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new position in Rave Restaurant Group in the fourth quarter worth about $35,000. Evergreen Capital Management LLC bought a new position in Rave Restaurant Group in the second quarter worth about $56,000. James Investment Research Inc. lifted its holdings in Rave Restaurant Group by 56.3% in the first quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 9,000 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Rave Restaurant Group by 87.2% in the fourth quarter. NewEdge Advisors LLC now owns 29,946 shares of the restaurant operator’s stock worth $99,000 after acquiring an additional 13,946 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in Rave Restaurant Group by 50.7% in the third quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock worth $99,000 after acquiring an additional 10,063 shares during the last quarter. 15.12% of the stock is currently owned by institutional investors and hedge funds.

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.