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

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

Rave Restaurant Group Stock Down 0.4 %

NASDAQ RAVE traded down $0.01 during trading on Friday, reaching $2.77. 11,380 shares of the stock traded hands, compared to its average volume of 29,527. Rave Restaurant Group has a fifty-two week low of $1.70 and a fifty-two week high of $3.36. The firm has a market cap of $40.75 million, a price-to-earnings ratio of 15.39 and a beta of 0.43. The stock’s 50-day moving average price is $2.68 and its 200 day moving average price is $2.64.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings results 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%.

Institutional Investors Weigh In On Rave Restaurant Group

Several large investors have recently modified their holdings of the business. Two Sigma Securities LLC bought a new position in shares of Rave Restaurant Group during the 4th quarter valued at about $29,000. Dimensional Fund Advisors LP raised its stake in shares of Rave Restaurant Group by 28.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 30,449 shares of the restaurant operator’s stock valued at $78,000 after purchasing an additional 6,682 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Rave Restaurant Group by 36.9% in the third quarter. Geode Capital Management LLC now owns 129,864 shares of the restaurant operator’s stock valued at $264,000 after purchasing an additional 34,977 shares in the last quarter. 15.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Rave Restaurant Group in a research report on Friday. They set 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.