Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCFFree Report) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF opened at $3.57 on Friday. The firm’s fifty day moving average price is $4.21 and its 200 day moving average price is $4.37. The company has a market capitalization of $22.54 million, a price-to-earnings ratio of -5.25 and a beta of 1.07. Rocky Mountain Chocolate Factory has a 12 month low of $3.45 and a 12 month high of $5.99.

Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Free Report) last issued its quarterly earnings data on Wednesday, January 10th. The company reported ($0.12) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 28.92% and a negative net margin of 14.88%. The business had revenue of $7.70 million for the quarter.

Insider Transactions at Rocky Mountain Chocolate Factory

In other news, Director Jeffrey Richart Geygan bought 21,763 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the purchase, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Jeffrey Richart Geygan bought 21,763 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the purchase, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Global Value Investment Corp. bought 74,841 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average price of $4.09 per share, with a total value of $306,099.69. Following the purchase, the insider now directly owns 1,020,004 shares in the company, valued at approximately $4,171,816.36. The disclosure for this purchase can be found here. In the last quarter, insiders bought 113,866 shares of company stock worth $466,164. Company insiders own 14.87% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of Rocky Mountain Chocolate Factory by 2.1% in the first quarter. Renaissance Technologies LLC now owns 363,263 shares of the company’s stock valued at $1,925,000 after purchasing an additional 7,300 shares during the period. International Assets Investment Management LLC raised its position in Rocky Mountain Chocolate Factory by 360.0% during the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after acquiring an additional 11,160 shares during the last quarter. BlackRock Inc. raised its position in Rocky Mountain Chocolate Factory by 20.2% during the second quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock worth $70,000 after acquiring an additional 2,182 shares during the last quarter. Leverty Financial Group LLC acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth about $54,000. Finally, Salvus Wealth Management LLC acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 44.44% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

(Get Free Report)

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.

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