StockNews.com Initiates Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

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

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $1.97 on Tuesday. The firm’s 50-day moving average price is $2.61 and its two-hundred day moving average price is $2.25. Rocky Mountain Chocolate Factory has a 52-week low of $1.50 and a 52-week high of $4.74.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share (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%.

Insider Transactions at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. acquired 42,063 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average cost of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the transaction, the insider now owns 1,880,737 shares in the company, valued at approximately $5,435,329.93. This represents a 2.29 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Richart Geygan purchased 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of $2.60 per share, with a total value of $31,031.00. Following the transaction, the chief executive officer now directly owns 168,719 shares in the company, valued at $438,669.40. This trade represents a 7.61 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 390,985 shares of company stock worth $1,064,269. Insiders own 20.80% of the company’s stock.

Institutional Investors 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 stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent filing with the Securities and 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 filing with the Securities and Exchange Commission. 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.