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

Rave Restaurant Group (NASDAQ:RAVE – Get Free Report) issued its earnings results on Thursday. The restaurant operator reported $0.05 earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.43 million for the quarter. Rave Restaurant Group had a return on equity of 18.44% and a net margin of 22.29%.

Rave Restaurant Group Stock Performance

NASDAQ RAVE opened at $2.29 on Friday. The firm’s fifty day moving average is $3.03 and its two-hundred day moving average is $2.92. Rave Restaurant Group has a one year low of $2.06 and a one year high of $3.60. The firm has a market cap of $32.54 million, a PE ratio of 10.91 and a beta of 0.43.

Institutional Trading of Rave Restaurant Group

A number of hedge funds have recently added to or reduced their stakes in RAVE. Saber Capital Managment LLC purchased a new stake in shares of Rave Restaurant Group during the fourth quarter worth approximately $514,000. James Investment Research Inc. raised its position in Rave Restaurant Group by 56.2% during the 1st quarter. James Investment Research Inc. now owns 25,000 shares of the restaurant operator’s stock worth $66,000 after buying an additional 9,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Rave Restaurant Group by 6.8% in the 1st quarter. Renaissance Technologies LLC now owns 177,061 shares of the restaurant operator’s stock worth $469,000 after acquiring an additional 11,205 shares during the period. BlackRock Inc. purchased a new stake in shares of Rave Restaurant Group in the second quarter valued at about $233,000. Finally, NewEdge Advisors LLC increased its stake in shares of Rave Restaurant Group by 32.3% during the second quarter. NewEdge Advisors LLC now owns 33,067 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 8,067 shares during the period. 15.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 stock has an average rating of “Hold”.

Read Our Latest Analysis on Rave Restaurant Group

Rave Restaurant Group Company Profile

(Get Free Report)

RAVE Restaurant Group, Inc is a restaurant company that develops, franchises and operates pizza concepts. Its principal brands are Pizza Inn, a traditional pizza restaurant known for dine-in, buffet, carryout and delivery offerings, and Pie Five Pizza Co, a fast-casual concept specializing in individually customized pizzas with a variety of crusts, sauces, cheeses and toppings.

Through its franchising activities, RAVE supports restaurants operated by franchisees and maintains a presence in markets in the United States and internationally.

Further Reading

Earnings History for Rave Restaurant Group (NASDAQ:RAVE)

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