Rave Restaurant Group (NASDAQ:RAVE) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Posted by Latisha Jones on Mar 29th, 2025

Rave Restaurant Group, Inc. (NASDAQ:RAVE – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.63 and traded as high as $2.85. Rave Restaurant Group shares last traded at $2.79, with a volume of 9,916 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Rave Restaurant Group in a report on Friday. They set a “buy” rating for the company.

View Our Latest Report on Rave Restaurant Group

Rave Restaurant Group Price Performance

The firm has a market capitalization of $40.75 million, a PE ratio of 15.39 and a beta of 0.43. The company has a 50-day moving average price of $2.68 and a 200 day moving average price of $2.64.

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

Hedge Funds Weigh In On Rave Restaurant Group

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

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.