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

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note published on Tuesday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF stock opened at $2.83 on Tuesday. The stock’s fifty day moving average price is $2.36 and its 200 day moving average price is $2.27. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $6.38 million 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 Activity at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. purchased 42,063 shares of Rocky Mountain Chocolate Factory stock in a transaction on Tuesday, October 29th. The stock was bought at an average cost of $2.89 per share, with a total value of $121,562.07. Following the transaction, the insider now owns 1,880,737 shares of the company’s stock, valued at $5,435,329.93. This represents a 2.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was acquired at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 424,094 shares of company stock valued at $1,137,016 in the last ninety days. Company insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 2nd 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 approximately 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. Institutional investors and hedge funds own 50.27% of the company’s stock.

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.