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

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

Rocky Mountain Chocolate Factory Price Performance

RMCF stock opened at $2.73 on Thursday. The company’s 50 day moving average is $2.62 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 announced its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share 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.

Insider Activity at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan acquired 11,935 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the purchase, the chief executive officer now owns 168,719 shares in the company, valued at $438,669.40. This trade represents a 7.61 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Global Value Investment Corp. bought 23,700 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Friday, October 18th. The stock was acquired at an average cost of $2.14 per share, with a total value of $50,718.00. Following the completion of the acquisition, the insider now directly owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. The trade was a 1.93 % increase in their position. 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 three months. 20.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC raised its stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,371 shares of the company’s stock after purchasing an additional 9,850 shares during the quarter. Leverty Financial Group LLC owned 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent reporting period. 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.