Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Price Performance

RMCF stock opened at $2.61 on Friday. The firm has a fifty day moving average price of $2.22 and a 200 day moving average price of $2.33. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15.

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

Insider Buying and Selling at Rocky Mountain Chocolate Factory

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

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC lifted its holdings in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,371 shares of the company’s stock after buying an additional 9,850 shares during the quarter. Leverty Financial Group LLC owned approximately 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent quarter. Institutional investors 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.