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

Rave Restaurant Group, Inc. (NASDAQ:RAVEGet Free Report) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 25,194 shares, a decline of 37.3% from the July 30th total of 40,169 shares. Based on an average daily volume of 21,272 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Rave Restaurant Group in a research report on Friday, July 31st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on RAVE

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in Rave Restaurant Group during the 4th quarter worth approximately $35,000. Evergreen Capital Management LLC acquired a new stake in shares of Rave Restaurant Group in the 2nd quarter valued at approximately $56,000. James Investment Research Inc. lifted its holdings in shares of Rave Restaurant Group by 56.2% in the 1st quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 9,000 shares during the period. Susquehanna International Group LLP boosted its stake in shares of 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 buying an additional 10,063 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Rave Restaurant Group by 87.2% in the fourth quarter. NewEdge Advisors LLC now owns 29,946 shares of the restaurant operator’s stock valued at $99,000 after buying an additional 13,946 shares in the last quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.

Rave Restaurant Group Trading Up 1.3%

Shares of NASDAQ RAVE traded up $0.04 during mid-day trading on Wednesday, reaching $3.13. The company had a trading volume of 860 shares, compared to its average volume of 50,154. The firm has a 50 day simple moving average of $3.19 and a two-hundred day simple moving average of $2.94. Rave Restaurant Group has a 52-week low of $2.25 and a 52-week high of $3.75. The stock has a market cap of $44.48 million, a P/E ratio of 14.91 and a beta of 0.43.

Rave Restaurant Group Company Profile

(Get Free Report)

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.

Further Reading

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