Short Interest in Rave Restaurant Group, Inc. (NASDAQ:RAVE) Grows By 34.7%

Rave Restaurant Group, Inc. (NASDAQ:RAVEGet Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 71,500 shares, an increase of 34.7% from the February 13th total of 53,100 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Rave Restaurant Group in a research note on Wednesday, March 12th. They issued a “buy” rating for the company.

View Our Latest Analysis on RAVE

Rave Restaurant Group Trading Up 1.8 %

Shares of RAVE stock traded up $0.05 during trading hours on Monday, hitting $2.89. 4,213 shares of the company were exchanged, compared to its average volume of 30,449. The firm has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $2.58. The stock has a market capitalization of $42.52 million, a price-to-earnings ratio of 16.06 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:RAVEGet Free Report) last announced its quarterly earnings results on Thursday, February 6th. The restaurant operator reported $0.04 EPS for the quarter. Rave Restaurant Group had a net margin of 21.80% and a return on equity of 20.68%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Two Sigma Securities LLC bought a new position in Rave Restaurant Group in the 4th quarter valued at $29,000. Dimensional Fund Advisors LP lifted its holdings 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 worth $78,000 after acquiring an additional 6,682 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 worth $264,000 after acquiring an additional 34,977 shares during the last quarter. 15.12% of the stock is owned by institutional investors.

Rave Restaurant Group Company Profile

(Get Free Report)

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.

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