Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued on Sunday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

RMCF opened at $2.78 on Friday. The business has a 50 day moving average price of $2.65 and a 200 day moving average price of $2.23. Rocky Mountain Chocolate Factory has a twelve month low of $1.50 and a twelve month high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%. The business had revenue of $6.38 million during the quarter.

Insider Activity

In related news, CEO Jeffrey Richart Geygan acquired 11,935 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the purchase, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at $438,669.40. The trade was a 7.61 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Global Value Investment Corp. bought 330,743 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average price of $2.70 per share, for a total transaction of $893,006.10. Following the purchase, the insider now directly owns 1,643,412 shares in the company, valued at $4,437,212.40. This represents a 25.20 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 424,094 shares of company stock worth $1,137,016. Company insiders own 20.80% of the company’s stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned approximately 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. Institutional investors and hedge funds own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

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.