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

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

Institutional Trading of Rave Restaurant Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in Rave Restaurant Group during the 4th quarter worth about $29,000. Dimensional Fund Advisors LP raised its stake 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 valued at $78,000 after buying an additional 6,682 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake 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 valued at $264,000 after buying an additional 34,977 shares during the last quarter. Institutional investors and hedge funds own 15.12% of the company’s stock.

Wall Street Analyst Weigh In

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

Rave Restaurant Group Price Performance

RAVE traded down $0.03 on Tuesday, reaching $2.73. 8,769 shares of the stock were exchanged, compared to its average volume of 30,433. The company’s 50-day moving average price is $2.65 and its 200 day moving average price is $2.59. 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 capitalization of $40.22 million, a PE ratio of 15.19 and a beta of 0.43.

Rave Restaurant Group (NASDAQ:RAVE) last issued its quarterly 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%.

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.