Rave Restaurant Group (NASDAQ:RAVE) Posts Quarterly Earnings Results

Rave Restaurant Group (NASDAQ:RAVE) announced its earnings results on Thursday. The restaurant operator reported $0.04 EPS for the quarter, FiscalAI reports. The company had revenue of $3.04 million during the quarter. Rave Restaurant Group had a return on equity of 20.11% and a net margin of 23.12%.

Rave Restaurant Group Price Performance

NASDAQ RAVE traded up $0.00 during trading hours on Thursday, hitting $3.27. The company’s stock had a trading volume of 10,269 shares, compared to its average volume of 20,213. The company has a market cap of $46.53 million, a P/E ratio of 16.37 and a beta of 0.35. The company’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $3.05. Rave Restaurant Group has a 12 month low of $2.01 and a 12 month high of $3.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rave Restaurant Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RAVE. True North Advisors LLC purchased a new stake in Rave Restaurant Group during the 4th quarter valued at $352,000. 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 valued at $99,000 after acquiring an additional 10,063 shares during the period. Finally, Evergreen Capital Management LLC bought a new position in Rave Restaurant Group in the second quarter valued at about $56,000. 15.12% of the stock is owned by hedge funds and other institutional investors.

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.