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

Stock analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 0.7 %

Shares of RMCF stock opened at $2.77 on Friday. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15. The stock has a 50 day simple moving average of $1.97 and a two-hundred day simple moving average of $2.43.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The company 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

In other news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the acquisition, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 that occurred on Friday, October 18th. The stock was acquired at an average price of $2.14 per share, with a total value of $50,718.00. Following the transaction, the insider now owns 1,251,483 shares in the company, valued at $2,678,173.62. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the stock in a transaction on Thursday, October 24th. The shares were acquired at an average price 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 approximately $438,669.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 375,787 shares of company stock worth $996,784. Company insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to the company in its most recent disclosure 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 approximately 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission. 50.27% of the stock is currently 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.