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

Equities researchers at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF opened at $2.82 on Thursday. The company’s 50 day moving average is $2.59 and its two-hundred day moving average is $2.25. 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 issued its earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $6.38 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%.

Insiders Place Their Bets

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan bought 11,935 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the transaction, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. The trade was a 7.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Global Value Investment Corp. bought 330,743 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of $2.70 per share, for a total transaction of $893,006.10. Following the completion of the transaction, the insider now directly owns 1,643,412 shares in the company, valued at approximately $4,437,212.40. This trade represents a 25.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 424,094 shares of company stock valued at $1,137,016. Company insiders own 20.80% of the company’s stock.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 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.