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

Investment 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 Sunday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 2.7 %

RMCF opened at $2.68 on Friday. The business’s 50-day simple moving average is $2.19 and its 200 day simple moving average is $2.34. Rocky Mountain Chocolate Factory has a 52-week low of $1.50 and a 52-week 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) 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%. The company had revenue of $6.38 million for the quarter.

Insider Activity

In other news, CEO Jeffrey Richart Geygan bought 11,935 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average cost of $2.60 per share, with a total value of $31,031.00. Following the acquisition, the chief executive officer now owns 168,719 shares in the company, valued at $438,669.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. purchased 42,063 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was acquired at an average price of $2.89 per share, with a total value of $121,562.07. Following the acquisition, the insider now directly owns 1,880,737 shares of the company’s stock, valued at $5,435,329.93. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was bought 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 of the company’s stock, valued at approximately $438,669.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 424,094 shares of company stock valued at $1,137,016 in the last quarter. Company insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake 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 its most recent Form 13F filing with the SEC. The institutional investor 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 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.