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

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Monday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $2.68 on Monday. The company has a fifty day moving average of $2.31 and a two-hundred day moving average of $2.30. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. The business 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%.

Insider Activity at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. bought 330,743 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of $2.70 per share, with a total value of $893,006.10. Following the completion of the acquisition, the insider now directly owns 1,643,412 shares in the company, valued at $4,437,212.40. The trade was a 25.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred 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 acquisition, the chief executive officer now owns 168,719 shares of the company’s stock, valued at $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 quarter, insiders bought 424,094 shares of company stock valued at $1,137,016. 20.80% of the stock is owned by company insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 50.27% of the stock is owned by institutional investors and hedge funds.

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.