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

Research analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ:RMCF opened at $2.83 on Monday. The stock’s 50-day moving average is $2.66 and its 200 day moving average is $2.24. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $4.95.

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

Insider Activity at Rocky Mountain Chocolate Factory

In related news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This represents a 7.61 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Global Value Investment Corp. acquired 23,700 shares of the stock in a transaction on Friday, October 18th. The shares were bought at an average price of $2.14 per share, with a total value of $50,718.00. Following the purchase, the insider now directly owns 1,251,483 shares of the company’s stock, valued at $2,678,173.62. The trade was a 1.93 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 424,094 shares of company stock worth $1,137,016 over the last 90 days. 20.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the SEC. 50.27% of the stock is currently owned by institutional investors.

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.