Rave Restaurant Group, Inc. (NASDAQ:RAVE – Get 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 %
Rave Restaurant Group (NASDAQ:RAVE – Get 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
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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