Rave Restaurant Group (NASDAQ:RAVE) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Rave Restaurant Group, Inc. (NASDAQ:RAVE)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.90 and traded as high as $3.12. Rave Restaurant Group shares last traded at $3.07, with a volume of 47,547 shares traded.

Analysts Set New Price Targets

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 data from MarketBeat.com, Rave Restaurant Group presently has a consensus rating of “Hold”.

Rave Restaurant Group Price Performance

The stock has a market cap of $43.62 million, a price-to-earnings ratio of 14.62 and a beta of 0.41. The business’s fifty day simple moving average is $2.69 and its 200 day simple moving average is $2.90.

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

Hedge Funds Weigh In On Rave Restaurant Group

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in Rave Restaurant Group in the fourth quarter worth $35,000. Evergreen Capital Management LLC acquired a new position in Rave Restaurant Group in the second quarter worth $56,000. James Investment Research Inc. boosted 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 purchasing an additional 9,000 shares during the period. NewEdge Advisors LLC boosted 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 purchasing an additional 13,946 shares during the period. Finally, Susquehanna International Group LLP boosted 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 purchasing an additional 10,063 shares during the period. Institutional investors and hedge funds 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.