Saber Capital Managment LLC Takes $514,000 Position in Rave Restaurant Group, Inc. $RAVE

Saber Capital Managment LLC purchased a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 155,889 shares of the restaurant operator’s stock, valued at approximately $514,000. Rave Restaurant Group accounts for about 0.4% of Saber Capital Managment LLC’s holdings, making the stock its 25th biggest holding. Saber Capital Managment LLC owned about 1.10% of Rave Restaurant Group at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Rave Restaurant Group by 11.1% in the 4th quarter. Renaissance Technologies LLC now owns 165,856 shares of the restaurant operator’s stock valued at $547,000 after buying an additional 16,598 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Rave Restaurant Group in the 4th quarter valued at approximately $35,000. True North Advisors LLC acquired a new stake in shares of Rave Restaurant Group in the 4th quarter valued at approximately $352,000. Susquehanna International Group LLP lifted its holdings in shares of Rave Restaurant Group by 50.7% in the 3rd quarter. Susquehanna International Group LLP now owns 29,902 shares of the restaurant operator’s stock valued at $99,000 after buying an additional 10,063 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Rave Restaurant Group in the 2nd quarter valued at approximately $56,000. 15.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings cut Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Rave Restaurant Group presently has an average rating of “Hold”.

Rave Restaurant Group Price Performance

NASDAQ RAVE opened at $3.40 on Monday. Rave Restaurant Group, Inc. has a 1-year low of $2.25 and a 1-year high of $3.75. The company has a market capitalization of $48.31 million, a P/E ratio of 16.19 and a beta of 0.41. The business has a 50 day moving average price of $2.74 and a 200 day moving average price of $2.91.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings data on Thursday, May 7th. The restaurant operator reported $0.06 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 19.22% and a net margin of 23.19%.The firm had revenue of $3.22 million during the quarter.

Rave Restaurant Group Profile

Rave Restaurant Group, Inc, through its subsidiaries, develops, operates and franchises a fast‐casual pizza restaurant concept under the Rave Restaurant Group brand. The company’s locations feature made‐to‐order artisanal pizzas, calzones, salads, desserts and specialty beverages, with service options that include dine‐in, takeout, delivery and catering. A proprietary digital platform supports each restaurant’s point‐of‐sale, online ordering and loyalty programs, aiming to enhance guest convenience and operational efficiency.

Founded in 2008 and headquartered in Miami, Florida, RAVE Restaurant Group has grown its footprint to include both company‐owned and franchised units across select U.S.