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

Equities research analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF opened at $2.88 on Friday. Rocky Mountain Chocolate Factory has a one year low of $1.50 and a one year high of $5.15. The business’s 50 day simple moving average is $2.65 and its 200-day simple moving average is $2.23.

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

Insider Activity

In related news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the stock in a transaction dated Thursday, October 24th. The stock was 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 directly owns 168,719 shares in the company, valued at $438,669.40. The trade was a 7.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Global Value Investment Corp. acquired 23,700 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of $2.14 per share, with a total value of $50,718.00. Following the acquisition, the insider now owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. This trade represents a 1.93 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 424,094 shares of company stock valued at $1,137,016 over the last 90 days. 20.80% of the stock is owned by company insiders.

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 position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the SEC. 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.