Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Up 1.9 %

Rocky Mountain Chocolate Factory stock opened at $2.70 on Tuesday. The stock has a 50 day moving average of $2.35 and a two-hundred day moving average of $2.28. 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 announced its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $6.38 million during the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

Insiders Place Their Bets

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. purchased 23,700 shares of Rocky Mountain Chocolate Factory 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 completion of the acquisition, the insider now directly owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. This trade represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $2.60 per share, with a total value of $31,031.00. Following the completion of the purchase, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. This represents a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 424,094 shares of company stock worth $1,137,016. 20.80% of the stock is owned by company insiders.

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 purchased a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

About Rocky Mountain Chocolate Factory

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.