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

Rave Restaurant Group, Inc. (NASDAQ:RAVE) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 39,300 shares, a decline of 45.0% from the February 28th total of 71,500 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 30,200 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On Rave Restaurant Group

A number of hedge funds have recently modified their holdings of the business. Two Sigma Securities LLC purchased a new position in Rave Restaurant Group during the fourth quarter valued at $29,000. Dimensional Fund Advisors LP lifted its position in shares of Rave Restaurant Group by 28.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after buying an additional 6,682 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Rave Restaurant Group by 36.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after buying an additional 34,977 shares in the last quarter. Institutional investors own 15.12% of the company’s stock.

Rave Restaurant Group Stock Down 0.4 %

NASDAQ:RAVE traded down $0.01 on Friday, hitting $2.77. The stock had a trading volume of 11,380 shares, compared to its average volume of 29,527. The business’s 50-day simple moving average is $2.68 and its two-hundred day simple moving average is $2.65. The stock has a market cap of $40.75 million, a price-to-earnings ratio of 15.39 and a beta of 0.43. Rave Restaurant Group has a 52-week low of $1.70 and a 52-week high of $3.36.

Rave Restaurant Group (NASDAQ:RAVE) last posted its quarterly earnings data on Thursday, February 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 20.68%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Rave Restaurant Group in a research report on Friday. They issued a “buy” rating for the company.

Rave Restaurant Group Company Profile

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.