Rave Restaurant Group Inc (NASDAQ:RAVE) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totalling 20,900 shares, a drop of 39.9% from the February 27th total of 34,800 shares. Based on an average trading volume of 29,200 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.
Shares of RAVE stock traded up $0.08 during mid-day trading on Thursday, hitting $0.83. The stock had a trading volume of 761,600 shares, compared to its average volume of 146,286. Rave Restaurant Group has a fifty-two week low of $0.69 and a fifty-two week high of $3.60. The firm has a market cap of $11.83 million, a PE ratio of -13.78 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.74 and a quick ratio of 1.74. The company’s 50-day simple moving average is $1.22 and its 200-day simple moving average is $1.90.
Rave Restaurant Group (NASDAQ:RAVE) last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.01 EPS for the quarter. Rave Restaurant Group had a negative net margin of 6.84% and a negative return on equity of 17.07%. The company had revenue of $2.83 million during the quarter.
Separately, ValuEngine cut shares of Rave Restaurant Group from a “buy” rating to a “hold” rating in a research note on Friday, March 20th.
A hedge fund recently bought a new stake in Rave Restaurant Group stock. Watchman Group Inc. acquired a new stake in Rave Restaurant Group Inc (NASDAQ:RAVE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 212,450 shares of the restaurant operator’s stock, valued at approximately $351,000. Watchman Group Inc. owned 1.40% of Rave Restaurant Group as of its most recent SEC filing. Institutional investors and hedge funds own 5.98% of the company’s stock.
About Rave Restaurant Group
Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark. It operates in Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants segments. The company's buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services.
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