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 in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. 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. Its delco restaurants provide delivery and carryout services and are located in shopping centers or other in-line retail developments. The company's Express restaurants serve customers through various non-traditional points of sale and are located in convenience stores, food courts, college campuses, airport terminals, travel plazas, athletic facilities, or other commercial facilities. In addition, it operates and franchises fast casual restaurants under the Pie Five Pizza Company or Pie Five trademarks. As of June 27, 2021, the company had 33 franchised Pie Five Units, 156 franchised Pizza Inn restaurants, and 11 licensed Pizza Inn Express, or PIE, kiosks. The company was formerly known as Pizza Inn Holdings, Inc. and changed its name to Rave Restaurant Group, Inc. in January 2015. Rave Restaurant Group, Inc. was founded in 1958 and is based in The Colony, Texas.
Company profile
Ticker
RAVE
Exchange
Website
CEO
Mr. Brandon L. Solano
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ARKANSAS POWER & LIGHT CO, ENTERGY ARKANSAS INC
SEC CIK
Corporate docs
Subsidiaries
Pizza Inn, Inc. • Pie Five Pizza Company, Inc. • (d/b/a Pie Five Pizza Company • Pie Five Restaurants, Inc. • PIBC Holding, Inc. • Pizza Inn Beverage Corp. • Pie Five Beverage Corp. ...
IRS number
453189287
RAVE stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
15 Oct 24
8-K
RAVE Restaurant Group, Inc. Reports Fourth Quarter and Year End Financial Results
26 Sep 24
10-K
2024 FY
Annual report
26 Sep 24
8-K
RAVE Restaurant Group, Inc. Reports Third Quarter Results
2 May 24
10-Q
2024 Q3
Quarterly report
2 May 24
8-K
RAVE Restaurant Group Appoints CFO and Bolsters
26 Mar 24
8-K
RAVE Restaurant Group, Inc. Reports Second Quarter Results
1 Feb 24
10-Q
2024 Q2
Quarterly report
1 Feb 24
8-K
Submission of Matters to a Vote of Security Holders
11 Dec 23
8-K
Departure of Directors or Certain Officers
27 Nov 23
Transcripts
RAVE
Earnings call transcript
2020 Q2
12 Feb 20
RAVE
Earnings call transcript
2020 Q1
13 Nov 19
RAVE
Earnings call transcript
2019 Q4
30 Sep 19
RAVE
Earnings call transcript
2019 Q3
10 May 19
RAVE
Earnings call transcript
2019 Q2
6 Feb 19
RAVE
Earnings call transcript
2019 Q1
11 Nov 18
RAVE
Earnings call transcript
2018 Q4
25 Sep 18
RAVE
Earnings call transcript
2018 Q3
11 May 18
RAVE
Earnings call transcript
2018 Q2
7 Feb 18
RAVE
Earnings call transcript
2018 Q1
11 Nov 17
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Jun 24 | Jun 23 | Jun 22 | Jun 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.89 mm | 2.89 mm | 2.89 mm | 2.89 mm | 2.89 mm | 2.89 mm |
Cash burn (monthly) | 1.14 mm | 203.50 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 4.30 mm | 764.15 k | n/a | n/a | n/a | n/a |
Cash remaining | -1.41 mm | 2.12 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -1.2 | 10.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
14.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 28 |
Opened positions | 24 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 2.23 bn |
Total shares | 2.06 mm |
Total puts | 500.00 |
Total calls | 26.40 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
IMA value | 923.28 k | $0.00 |
Vanguard | 244.39 k | $483.89 mm |
Corsair Capital Management | 172.56 k | $341.66 mm |
Renaissance Technologies | 171.00 k | $338.59 mm |
Watchman | 164.00 k | $324.72 mm |
Geode Capital Management | 94.89 k | $187.93 mm |
STT State Street | 28.63 k | $56.69 mm |
Dimensional Fund Advisors | 28.29 k | $56.01 mm |
BLK BlackRock | 25.98 k | $51.43 mm |
Citadel Advisors | 25.50 k | $50.49 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Oct 24 | Brandon Solano | Common Stock | Payment of exercise | Dispose F | No | No | 2.65 | 73,414 | 194.55 k | 595,151 |
15 Oct 24 | Brandon Solano | Common Stock | Option exercise | Acquire M | No | No | 0 | 125,000 | 0.00 | 595,151 |
15 Oct 24 | Brandon Solano | RSU Common Stock | Sale back to company | Acquire D | No | No | 0 | 262,500 | 0.00 | 0 |
8 Oct 24 | Jay Rooney | RSU Common Stock | Grant | Acquire A | No | No | 0 | 18,690 | 0.00 | 18,690 |
8 Oct 24 | Brandon Solano | RSU Common Stock | Grant | Acquire A | No | No | 0 | 105,848 | 0.00 | 105,848 |
7 Oct 24 | Brandon Solano | RSU Common Stock | Grant | Acquire A | No | No | 0 | 262,500 | 0.00 | 262,500 |
12 Mar 24 | Brandon Solano | COMMON STOCK | Buy | Acquire P | No | No | 1.74 | 5,600 | 9.74 k | 470,151 |
11 Mar 24 | Brandon Solano | COMMON STOCK | Buy | Acquire P | No | No | 1.71 | 5,776 | 9.88 k | 464,551 |