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

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note released on Friday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Up 14.8 %

Shares of Rocky Mountain Chocolate Factory stock opened at $3.18 on Friday. The stock has a market cap of $20.17 million, a price-to-earnings ratio of -4.68 and a beta of 1.05. Rocky Mountain Chocolate Factory has a twelve month low of $1.50 and a twelve month high of $5.15. The company’s fifty day moving average is $2.00 and its 200 day moving average is $2.41.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%. The company had revenue of $6.38 million during the quarter.

Insiders Place Their Bets

In other news, CEO Jeffrey Richart Geygan acquired 11,935 shares of Rocky Mountain Chocolate Factory 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 purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. bought 23,700 shares of the firm’s 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 completion of the purchase, the insider now directly owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the stock in a transaction on Thursday, October 24th. The stock was acquired at an average price of $2.60 per share, with a total value 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 $438,669.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 375,787 shares of company stock worth $996,784. 20.80% of the stock is currently owned by insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC increased its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 52.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,521 shares of the company’s stock after acquiring an additional 10,440 shares during the quarter. Leverty Financial Group LLC owned approximately 0.48% of Rocky Mountain Chocolate Factory worth $67,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

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.