Rave Restaurant Group, Inc. (RAVE)

Rave Restaurant Group's stock has experienced an upward trend over the past six months. The stock price gained 4.46% on January 8, 2026, and was up 8.61% over the two weeks prior to that date. As of December 29, 2025, the stock price was $3.33 per share, a 26.14% increase from December 30, 2024. In the fourth quarter of 2025, RAVE reported a net income of $0.8 million, with total revenue decreasing by 6.0% to $3.2 million. For the full fiscal year 2025, net income increased to $2.7 million. In the first quarter of 2026, RAVE reported a 5.3% year-over-year revenue growth to $3.2 million and a 22.6% year-over-year increase in net income to $0.6 million. In the second quarter of 2025, the company reported total revenues of $2.9 million, a 4.5% increase year-over-year, and net income rose 9.8% to $0.6 million. In the third quarter of 2024, Rave Restaurant Group recorded net income of $0.7 million, with total revenue remaining stable at $3.0 million. Pizza Inn's performance has positively contributed to the stock performance.

The pizza industry experiences seasonal demand patterns, with colder months generally seeing increased demand. Halloween, Thanksgiving Eve, Super Bowl Sunday, New Year's Eve, New Year's Day, and the winter months of January and February are known for higher pizza sales. Businesses can leverage these seasonal shifts by planning marketing campaigns, promotions, and limited-time offerings in advance to capitalize on peak demand periods.

Rave Restaurant Group, Inc. (RAVE) operates and franchises pizza buffet, delivery/carry-out, express restaurants, and ghost kitchens under the brand names Pizza Inn, Pie Five Pizza Co., and Pizza Inn Express, along with the virtual brand Eat at Home. The company falls under the Consumer Discretionary sector, specifically the Restaurants & Bars industry, with the Pizza Inn Franchising segment being the primary revenue source. Pizza Inn is an international chain known for its buffet format, while Pie Five Pizza Co. is a fast-casual pizza segment offering customizable pizzas, and Pizza Inn Express (PIE) provides a kiosk concept.

Rave Restaurant Group has a primarily domestic geographic footprint, with a significant presence in the United States, including states like Texas, Arkansas, North Carolina, South Carolina, Mississippi, Georgia, and Tennessee. Internationally, the company has expanded its Pizza Inn brand with new stores in Egypt and Saudi Arabia. As of late 2024/early 2025, Pizza Inn had 102 domestic and 27 international units, while Pie Five operated 20 domestic units.

Rave Restaurant Group's brand reputation has been mixed, driven by the performance of its two main brands. Pizza Inn has shown positive momentum, achieving its 21st consecutive quarter of profitability and a 6.3% increase in domestic comparable store retail sales in Q4 fiscal 2025. Pie Five Pizza Co. has faced challenges, reporting a 7.2% decline in comparable store sales in Q4 fiscal 2025 and an 11.4% decline in Q2 fiscal 2025, and the company is actively focusing on rebuilding and transforming the brand.

Rave Restaurant Group, Inc. has a mix of institutional, insider, and individual investors. Approximately 5.41% to 8.7% of the company's stock is owned by institutional investors, and 4.19% is owned by insiders. Major institutional owners include Vanguard Group Inc, Watchman Group, Inc., Corsair Capital Management, L.P., Renaissance Technologies Llc, Geode Capital Management, Llc, BlackRock, Inc., Dimensional Fund Advisors Lp, Susquehanna International Group, LLP, State Street Corp and Citadel Advisors LLC. Brandon Solano, the CEO of Rave Restaurant Group, is a significant individual owner.